Mortgage rates just saw their sharpest one-day decline in over a year, with the average 30-year fixed falling 16 basis points to 6.29%, the lowest since early October. That shift boosts buying power, cutting payments by about $169 a month on a $450,000 home. Homebuilder stocks surged on the news, though analysts note buyers may still be holding out for rates in the 5% range.
