 Hi, Bill. Hi, Stephen. There could be some relief on the way from high mortgage rates. There is cause for optimism among otherwise discouraging news, says Altos Research President Mike Simonson. If we look at the housing market right now, sales are down, new listings are down, prices are decelerating. And yet, really good inflation data came in last week. The bond market rallied and mortgage rates took a notable dip below 7% for the first time in months.