Home loan Rates Down a Full Percent from Recent High
If you’re holding out hope to see a 3% home mortgage rate once again, you’re waiting for something professionals concur will not occur. In the real estate market, there’s normally a relationship between mortgage rates and buyer demand. If you’ve been waiting to make your move, the current down trend in mortgage rates may be enough to get you off the sidelines.
There’s big news for home mortgage rates. If you’re holding out hope to see a 3% mortgage rate again, you’re waiting for something specialists concur won’t occur. In the real estate market, there’s generally a relationship in between mortgage rates and purchaser demand. Typically, the higher rates are, the lower purchaser need is. If you’ve been waiting to make your move, the current downward trend in home loan rates may be enough to get you off the sidelines.