Reported about 1 month ago
A survey by Mphasis Digital Risk indicates that nearly 42% of prospective homebuyers would re-enter the market if mortgage rates fall to 5%. Currently, rates have decreased from a peak of 8% to 6.55%, yet buyer sentiment remains cautious, with many waiting until after the November election. Despite an optimistic outlook about rates dropping further, significant shifts in the housing market may not immediately follow.
Source: YAHOO