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