Falling Mortgage Rates Are Bringing Buyers Back
After months of high rates keeping purchasers on the sidelines, things are beginning to shift. Rates are already coming down due to a number of economic elements. And while they do not control mortgage rates, this sets the stage for home loan rates to fall even further than they already have– especially given that more cuts from the Fed are anticipated into next year.
After months of high rates keeping purchasers on the sidelines, things are beginning to move. Rates are already coming down due to a number of financial elements. And while they don’t control mortgage rates, this sets the stage for home loan rates to fall even further than they already have– especially considering that more cuts from the Fed are expected into next year. (NAR), home sales increased in July, which was a welcome shift after four straight months of declines. More purchasers indicates more competition, which can lead to greater offers and shorter time on the market for your home.