Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season.

That’s according to a Zillow report released Thursday in which the Seattle-based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“

Zillow noted that the U.S. median monthly mortgage payment in August had declined by more than $100 since peaking in May. On a monthly basis, the median payment dropped 3.4% in August to details ⇒

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