Reported 10 days ago
With mortgage rates recently dropping to their lowest in two years, Realtor.com's chief economist suggests potential homebuyers weigh their options of buying now amid reduced competition or waiting until spring for possibly lower rates but potentially facing more competition. Hale emphasizes that, regardless of the decision, buyers are in a favorable position to build equity and suggests that those interested in current opportunities should shop around for the best mortgage rates.
Source: YAHOO