Exciting news for homeowners! Mortgage rates in the US are finally dropping, with over 80% of homeowners having rates below 6%. ๐ ๐ฐ With interest rates at their lowest in over a year (6.5%), experts predict two more rate cuts by year-end. ๐โ๏ธ This is great news for affordability and the housing market, as buyers are starting to come back. ๐๐ก According to the National Association of Realtors, existing home sales have increased for the first time in five months. ๐ Could this be a turning point for the market? ๐ค #MortgageRates #HousingMarket #Affordability #shorts