Reported 15 days ago
Redfin's chief economist Daryl Fairweather explains that recent falling mortgage rates are attracting buyers back into the housing market after a prolonged freeze. While the average homebuyer could save significantly on their mortgage payments, many are still hesitant, waiting for further rate drops or more inventory. Fairweather emphasizes that delaying purchases may lead to increased competition and higher home prices in the future, making it crucial for serious buyers to act now to secure better deals.
Source: YAHOO