Mortgage interest rates are consistently declining again. Here are three things homebuyers should do in response.

“Rates typically move higher if job openings are higher than expected, all else equal,” wrote Matthew Graham, chief operating officer at Mortgage News Daily, adding that this data-driven volatility is nothing compared with what could be seen on Thursday following the government’s release of the monthly employment report.

The 7.79% average U.S. mortgage rate near the end of October 2023 was the highest average since the summer of 2000.