Mortgage interest rates have come down

The mortgage interest rates have come down a half of percent in the last 30 days. The 30 year fixed rate is now around the 4.5% range. Interest rates change daily so that is why I say they are in the 4.5% range. What does that mean for someone getting a 200k loan? It means that now their payment will be 60 dollars less per month for 30 years. That can also mean that they can qualify for 10k more of a home loan to buy their dream home. Mortgage rates follow the 10 year note rate. The ten year note rate at the end of April was 3.94%. It is now at 3.16%. It could be a good time to see how much of a home loan that you qualify for now that Mortgage interest rates have dropped by a half percent.