U.S. mortgage rates slipped below 6% for the first time in years, marking a notable shift in the lending landscape. The catalyst? A major policy initiative involving $200 billion in mortgage bond purchases, signaling significant intervention in debt markets. This development carries implications beyond housing—lower borrowing costs ripple through asset markets, influencing investment flows and risk appetite across financial ecosystems. For those tracking macro trends and their spillover effects on alternative assets, this represents a pivotal data point worth monitoring.