Currently, the housing market is seeing increased affordability as mortgage rates have dropped below 6.5%. This significant decrease in rates has made it more feasible for individuals to purchase homes. This improvement in affordability has sparked interest amongst potential homebuyers, with many now considering entering the market. The reduction in mortgage rates has made home ownership a more realistic goal for a larger pool of individuals. This shift in affordability is expected to attract even more buyers to the market in the near future.