Mortgage rates are set to decline, and some areas could see bigger gains in home affordability than others.
A new analysis shows the metro areas where affordability for the median earner will improve the most if rates drop to 6.3%.
In Lakeland, the share of affordable listings would increase by 5.9%, if rates dropped to 6.3% from their July avg of 6.8%.
That compares with a 3.2-point increase in affordability nationwide.
According to experts, a rate cut is likely to occur in the coming months.