Real estate investment trusts (REITs) and the broader real estate sector saw significant gains in the pre-market session. This move is primarily attributed to a decline in mortgage rates, with the 30-year fixed rate falling to 7.24%. [6, 14] The drop in rates provides some relief to the housing market, which has been under pressure. This improved sentiment comes after the Federal Reserve decided to hold interest rates steady, further supporting rate-sensitive sectors like real estate. [3, 7] The move also appears to be part of a sector rotation as investors shift away from technology stocks. [19]