Mortgage rates in USA are dropping, exciting homebuyers as more sellers enter the market. The average 30-year fixed mortgage rate fell to 6.73%, its lowest since February, driven by cooling inflation and potential Federal Reserve rate cuts. This decline, coupled with a weaker jobs report, has further reduced daily rates to 6.40%. Sellers, previously hesitant due to high rates, are now listing more homes, with new listings up 8% in May and active listings 37% higher in July compared to last year. Despite the lock-in effect, where many homeowners hold low-rate mortgages, the easing rates are encouraging more sales. However, high home prices still deter some buyers, though increased inventory may soon shift the market in their favor.