US mortgage rates have fallen to some of their lowest levels in over a year with the 30-year fixed-rate mortgage dropping to 6.47%.

Yahoo Finance housing reporter Dani Romero joins Market Domination to break down the movements in mortgage rates in relation to the Federal Reserve's interest rate policy, while also discussing what recent homebuilder earnings may indicate about the US housing market.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino