Yields on the10 year treasury have fallen.  The yield hit a recent high of 3.48% on June 14th.  Since then we have seen a steady decline.  Currently the 10 year treasury yield stands at 2.81%.  Although inflation continues, yields have fallen due to investors flight to safety.

Mortgage rates have dipped along with the tumbling yield.  Thirty year fixed mortgage rates are now hovering near 4.875% apr down from 5.75% apr just over a month ago.

Along with the recent drop in rates, the inventory of homes for sale have increased over the last month.  Sellers are also now more willing to reduce prices and/or offer a seller concession.  The housing market is currently in a full pivot to becoming a buyers market.