Housing supply remains tight, with existing home inventory far below pre-pandemic levels, limiting demand recovery.
Economists warn the drop may be temporary, driven more by market volatility than strong economic data.
Mortgage applications jumped about 22% year-over-year, suggesting lower rates are nudging hesitant buyers.
The average forecast across major agencies is roughly 6.2% for 2026.
U.S. 30-year mortgage rates dip below 6% for the first time in three and a half years.
30-Year Mortgage Rates Fall Below 6% | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business
