Mortgage payments have experienced a notable decline, while the realm of new home listings has witnessed its most substantial surge since 2021, according to insights from Redfin.The downward trend in mortgage rates has resulted in a reduction of payments, sliding from their October peak of $2,739 to the current $2,575, marking a significant shift in affordability.Redfin highlights that diminishing rates, coupled with a "sizable" uptick in new listings, are providing a welcome respite for potential homebuyers in the market.Hope seems to be on the horizon for the previously frozen housing market. The cost of homeownership is experiencing a slight dip, offering a more budget-friendly environment. Furthermore, the availability of homes is finally seeing an increase.With mortgage rates on the decline, payments have steadily decreased over the past five weeks, creating a more favorable landscape for prospective buyers. The surge in new home listings, up 6% — the most significant increase i...