Reported about 2 months ago
Mortgage rates continue to fall, with the average rate for a 30-year fixed mortgage dropping to 6.46% this week. This decrease has not yet spurred significant buyer activity, as housing applications for purchasing homes fell 5%, hinting that potential buyers may be awaiting even lower rates. Freddie Mac's chief economist suggests that softer economic indicators may lead to further declines in rates by year-end, despite ongoing concerns regarding affordability in the housing market.
Source: YAHOO