22 cities where homebuyers and owners will benefit most as interest rates tumble

Mortgage rates have dropped significantly from last year's highs, down from 7.8% to 6.1%, fostering a more favorable environment for homebuyers.

These lower rates will offer some relief to homebuyers who have struggled with high rates in recent years, likely encouraging more buyers to return to the market.

Despite lower mortgage rates, many homeowners are still locked into lower rates from previous years, creating a situation described as 'golden handcuffs'.

The easing of mortgage rates is expected to gradually thaw the previously frozen real-estate market, inviting back buyers and offering refinancing opportunities.

Read at Business Insider