US mortgage rates have fallen to a 15-month low, according to the latest data from Freddie Mac. The 30-year fixed rate mortgage has dropped to 6.35%, its lowest reading since May 2023.

Market Domination anchors Josh Lipton and Madison Mills comment on whether sliding mortgage rates can inspire homebuying activity as the Federal Reserve plans to cut interest rates in September.

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This post was written by Luke Carberry Mogan.