Yes, and it’s a great time to get an ARM loan and ride the rates down. Home prices will rise faster as mortgage rates drop.
When interest rates go up, home prices slow their rise and then start to drop. When interest rates go down home prices rise again due to better affordability. Then Builders build more, causing prices to stagnate again when supply catches up with demand.
Lots of money to be made over time if you play it right as a homeowner and/or an investor.
As far as I am concerned, if you buy a home for anything other than to live in and enjoy you bought it for the wrong reason.