Interesting divergence in the U.S. housing market right now. Monthly mortgage payments dropped to $2,365, down 4.7% year-over-year, as rates fell to 6.15%—the lowest we've seen in a year. Sounds positive, right? Not quite. Home prices are only up 1.1% annually, which signals stalling momentum. Here's the disconnect: despite lower payment burdens, buyers aren't showing up. Pending home sales tumbled 6.7%, and new sales are lagging too. It suggests affordability relief alone isn't pulling people back into the market. Broader economic uncertainty is weighing on purchase decisions, even as borrowing costs ease. Classic stagflation indicator—costs fall but activity doesn't follow.