India, Aug. 6 -- Mortgage rates have dropped sharply, with the average 30-year fixed-rate mortgage falling to a 10-month low of 6.57% on Monday, down from 6.74% on July 28, according to Mortgage News Daily. And it seems like Taylor Swift and Travis Kelce want to make full use of this trend. The two reportedly went house hunting in Cleveland and were later spotted having lunch.

This decline, spurred by a weak July jobs report, saw rates drop 12 basis points on Friday and an additional 6 points on Monday, a nearly 20-basis-point decrease since Friday.

The shift likely reflects investors flocking to the 10-year Treasury note, lowering its yield and, in turn, mortgage rates, according to Mortgage News Daily.

"This dip in mortgage rates giv...