 After rising well-above 7, US mortgage rates are trending lower along with bond yields. Freddie Macs latest data puts rates at 6.33 from 6.49 and thats likely continued to fall alongside yields this week.The public is exceedingly bearish on US housing but the chart of the homebuilders XHB ETF shows signs of a bottom.If rates can fall below 6 theres some spread compression likely coming then housing activity could be an upside risk to US GDP in 2023... 