Mortgage rates dropped to 6.67%, the lowest point in recent weeks, as markets anticipate Federal Reserve rate cuts. Homebuyers and current homeowners now face a critical decision about timing their moves.

In a marked political win for President Donald J. Trump and his Administration, H.R. 1, the One Big Beautiful Bill Act, defied very long odds and endured intense opposition to find passage and a place on the President’s desk — and with his signature now added,