As mortgage rates take a downward turn, homeowners and prospective buyers may find new opportunities to save. From potential refinancing perks to the prospect of purchasing a home at a lower rate, this shift in interest rates raises an essential question: Is now the best time to make a move?

A new proposal suggests the Trump administration wants the Federal Reserve to use its balance sheet to bring 30-year mortgage rates down to 5% next year. Though many consider this a long shot, the idea highlights the growing debate over whether monetary policy should be leveraged to tackle rising home-loan costs.

As mortgage rates show signs of easing, the possibility of a revived housing market comes into focus. This article explores what must go right for lower borrowing costs to translate into broader homebuying opportunities.

With mortgage rates hovering near 7%, Moody’s chief economist Mark Zandi warns of a looming slump in the U.S. housing market unless rates decline soon. The housing sector, once a stabilizer, is now becoming a “full-blown headwind” for the economy.

In a promising development for homebuyers, average mortgage rates have dipped to their lowest levels since early April. This decline offers a glimmer of hope for buyers struggling amidst rising home prices.

Existing-home sales in the U.S. saw a modest increase of 0.8% in May, even as high mortgage rates continued to challenge buyers.

Mortgage interest rates eased this week as the Federal Reserve maintained short-term rates, hinting at potential cuts in the fall. The average 30-year fixed-rate mortgage fell eight basis points to 6.86%, offering a glimmer of hope for prospective homebuyers.