Mortgage rates have dropped below 6% for the first time in over three years, marking a meaningful shift for homebuyers. Lower rates improve affordability, reduce monthly payments, and restore confidence for those who paused their search. Nationally, millions of households may now qualify for financing, and markets across the Southeast—including coastal South Carolina—could see increased activity this spring. For buyers, this creates an opportunity to secure favorable terms before competition rises. For sellers, renewed demand may translate into stronger showings and pricing stability. This milestone signals a more balanced and active housing market ahead.

This summary is based on reporting from the National Association of REALTORS®. Read the full article here.