If you're struggling to keep up with your mortgage payments, relief may soon be in sight. Mortgage rates are expected to fall pretty soon. Once that happens, you may be in a position to refinance your mortgage and snag a lower rate in the process. That could lower your monthly payments and help you better manage the costs of homeownership.

After rising for a couple of days, 30-year mortgage rates have returned to the low point they notched last week, which was the cheapest average since April 2023.

The costs for a $500,000 mortgage loan are manageable now and could become cheaper in the weeks and months ahead.

After a massive upheaval in the housing market, mortgage rates have relaxed, prompting some experts to say now might be a good time to buy.