Mortgage rates are showing a downward trend, which is encouraging news for people looking to buy. CBS 8 is working for you to crunch the numbers on how much these lower interest rates can save you. “This is good news. This is what we’ve been waiting for, I’d say for the last year, year-and-a-half,” said Heather Wendlandt, a real estate agent with Team Kolker at Compass. Will 2024 be a good time to buy a house? She tells CBS 8 that falling mortgage rates are sparking optimism among homebuyers. “It’s a very anemic housing supply right now, and with the rates lowering, it’s just going to get buyers who have been sitting on the fence, buyers who have been sitting and waiting, it’s going to motivate them to jump in the market,” said Wendlandt. “It’s going to motivate sellers to say, ‘Ok, now I can move up. Now I can move to wherever I’m going to go.’ It’s just going to create more inventory. With more inventory, we’re going to get more buyers, and it’s just going to start to move the market.” FULL STORY: https://www.cbs8.com/article/money/mortgage-rates-declining-save-on-monthly-payment/509-40b1817c-c783-4584-80e1-5c67a06b0710