Reported about 2 months ago
Recent declines in mortgage rates in the U.S. could reignite homebuying activity, but they also bring challenges. While lower rates increase purchasing power, they may lead to more competition for homes, pushing prices higher. Existing home sales have recently risen, suggesting growing demand. However, potential buyers should be cautious about timing their entry into the market and ensure they are financially prepared for long-term homeownership commitments.
Source: YAHOO