The US mortgage market is experiencing significant changes with mortgage rates dropping to their lowest levels in over two years, currently at 6.15%. This decline comes ahead of an anticipated interest rate cut by the Federal Reserve, leading to a surge in mortgage demand, which increased by 14.2% compared to previous weeks. While lower rates are attracting more buyers and refinancing activity is on the rise, some economists caution that this may not fully ignite the housing market due to underlying economic factors. Analysts highlight that as lenders focus more on technology rather than hiring, this could lead to a unique opportunity for buyers and investors in the real estate market. With the Fed expected to cut rates, the mortgage landscape may continue to evolve, with predictions suggesting rates could fall even further, potentially reshaping the financial calculations for homebuyers.