Mortgage Rates
Fed easing lowers rates gradually
Rates drop below 6% by mid-2025
10-year Treasury yield key indicator
Spread between mortgage and Treasury stays wide
Lower rates boost home-buying demand
Inventory Levels
Rising resale inventory with lower rates
Modest growth in new-home supply
Increased inventory in Florida, Texas, Arizona
Existing-home supply eases competition
Builders expand without pricing pressure
