A recent survey shows that over 50% of homeowners are waiting for mortgage rates to drop below 6% before considering buying a new home. This data suggests that many potential buyers are holding off on making a purchase until they can secure a lower interest rate on their loan. Homeowners understand the importance of getting a good deal on their mortgage, which is why they are monitoring rates closely before making a move. Experts recommend keeping a close eye on market trends to ensure that you get the best possible rate when the time comes to buy a new home.