Reported 6 months ago
The average 30-year fixed-rate mortgage has dropped below 7% to 6.99%, offering relief for the housing market. William Raveis Mortgage Regional Vice President Melissa Cohn discusses the impact of interest rates on homeownership, noting that affordability is a significant factor for buyers. Cohn believes that as interest rates decrease, making the 'American Dream' of homeownership more attainable, it is likely to attract more buyers and drive real estate prices up. For more insights, watch the full episode of Wealth! for expert opinions on the market action and outlook.
Source: YAHOO