Mortgage rates, the interest you pay when you borrow money to buy a house, could decrease in July, following a recent trend of falling home prices.
While inflation has been cooling down, experts don't expect mortgage rates to drop dramatically, but rather to decrease gradually.
The Federal Reserve aims to bring inflation down to 2%, but even if interest rates fall, affordability may still be a major obstacle for many homebuyers.
The median home price remains high, so even with lower interest rates, buying a house may still be difficult for some people.
