Mortgage rates plunge to 10-month low, opening window of opportunity for house hunters - MarketWatch

1. Average 30-year mortgage rate drops to 6.57%, a 10-month low. 2. Lower rates enhance buying power for home buyers and refinancing options. 3. High housing costs and economic uncertainty may dampen buyer confidence. 4. UWMC’s chief strategy officer cites opportunities for buyers and homeowners. 5. Investors anticipate potential Fed rate cuts impacting mortgage trends.