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Mortgage rates have now fallen to their lowest level in more than three years, and industry experts hope that it will help break the stalemate that has kept reluctant sellers from selling and would-be buyers from buying. CNN's Vanessa Urquevich is with us now on this. All right, Vanessa, how low are we talking? Yeah, we're talking about the lowest level in more than three years. So the average rate for a mortgage, according to Freddie Mac this week, 6.06%. That is down significantly from a year ago, when mortgage rates were above 7%. And if you look at this line chart on your screen right now, you can see, hopefully, that we're exactly where we were three years ago. The left-hand side of your screen in January of 2023, and the right-hand side of your screen in January of 2026. That's encouraging news for homebuyers, prospective homebuyers, who may have been waiting for mortgage rates to fall back closer to that 6% level. Why this is happening, well, it could be pointing to the fact that President Trump did direct the purchase of $200 billion of mortgage bonds, and that was designed to lower rates. So some experts saying that is why we're seeing these lower rates today, real estate agents and experts, as you say, are hoping that this starts to actually move the market, sellers willing to sell and buyers willing to get into the market. But what is this going to mean for everyday Americans who may be thinking about buying a home? Well, if you're buying a home, let's say $450,000, you're going to do a 30-year fixed mortgage. You're going to put 20% down. Well, a year ago, you were going to pay a monthly payment of about $2,400. Now this year, January 2026, you're looking closer to $2,100, $2,200. That's a savings of $230 a month, and that is significant if you're looking to spend money on other things like groceries or a car payment. And certainly for folks who have been wondering if this is doing anything for the market at all, well, in the month of December, existing home sales actually rose by 5.1% compared to November. So you can see people starting to get off the sidelines. But Brianna, look at this, median existing home sales still rising $405,400 is the average home price in the month of December. That means that it's now 30 consecutive months of year-over-year price increases. So mortgage rates falling, but those housing prices still starting to creep up a little bit. Of course, Brianna, maybe that's the offset. Mortgage rates are falling so people are more willing to get into the housing market and spend a little bit more.

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