Home mortgage Rates Down a Full Percent from Recent High
If you’re holding out hope to see a 3% home mortgage rate again, you’re waiting for something experts agree will not happen. In the real estate market, there’s typically a relationship between home mortgage rates and buyer demand. If you’ve been waiting to make your relocation, the recent down pattern in home 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 once again, you’re waiting for something experts agree will not occur. In the real estate market, there’s generally a relationship in between home loan rates and purchaser need. Typically, the greater rates are, the lower purchaser need is. If you’ve been waiting to make your relocation, the recent down trend in home loan rates may be enough to get you off the sidelines.