Big news: the Fed lowered its key rate, which can ripple into lower mortgage costs and improved affordability. The headline isn’t just home price, it’s your monthly payment. Even modest rate drops can save thousands over time, influence buying power, bring more buyers to listings, and create refinance opportunities (when the savings outweigh closing costs). I outline how this affects buyers, sellers, and refinancers, what risks to watch (inflation, market moves), and practical steps to take now, like getting quotes, pre-approval, and running a refinance break-even. Want tailored numbers? I can connect you with a trusted lender to model scenarios.