Mortgage rates are coming down, time to buy?
Mortgage rates have fallen below 6% for only the second time in 2 years, with 30 year rates at 5.87% according to this article.
The lowest mortgage rates for a generation is one of the factors that caused the housing boom in the first place. So where are we, rates are getting lower again, foreign investors are entering the market due to the dollar’s valuation and prices are lower than anywhere in the recent past. Other than the continued press, things don’t look too bad for bargains. Is around this time the point where folks a couple years from now wish they bought?
