Core Insights - The average rate for a 30-year fixed mortgage in the U.S. has decreased from 6.81% to 6.76%, marking a second consecutive week of decline [1] - The reduction in mortgage costs may encourage hesitant homebuyers to enter the market, as they will find more available listings and greater negotiation power compared to recent years [1] - Increased mortgage rates and inventory levels in March attracted more buyers, leading to the largest monthly increase in purchase agreements for resale homes since December 2023, according to the National Association of Realtors [1]