After a lengthy decline precipitated by lower inflation, a cooling labor market and hints of a Federal Reserve policy change, mortgage rates appear to have bottomed out for now.

According to HousingWire‘s Mortgage Rates Center, the average 30-year conforming fixed rate dropped to 6.23% on Sept. 27. That was the lowest figure of the year, but it has increased to 6.31% as of Tuesday. And 15-year conforming fixed rates have risen from 5.58% to 5.70% during the same period.

Still, rates look more attractive today than they have for much of the year. And some people details ⇒

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