Reported 27 days ago
Mortgage rates in the US have dropped to their lowest since February 2023, with 30-year fixed-rate mortgages decreasing to 6.2%. Experts suggest this could entice homebuyers back into the market, especially as many consumers anticipate further reductions in the coming year. Realtor.com chief economist Danielle Hale emphasizes that factors like income growth and proposed tax credits for first-time buyers could also enhance housing affordability, motivating potential buyers to take action.
Source: YAHOO