Reported 2 months ago
Recent drops in US bond yields hint at potentially decreasing mortgage rates, providing an opportunity for homebuyers and those looking to refinance. Following a drop to around 6.70% for a 30-year fixed mortgage, interest in refinancing has surged, but analysts warn many may still need lower rates to make refinancing worthwhile. This comes as the Federal Reserve is expected to cut interest rates soon, which could further influence the housing market.
Source: YAHOO