Reported 5 months ago
Mortgage rates have dipped below 7% for the first time in a month, prompting William Raveis Mortgage VP Melissa Cohn to advise potential homebuyers to act now as rates continue to drop, predicting an increase in buyers and prices in the housing market. Cohn also emphasizes the importance for sellers to find a balance in their timing, considering they will likely be buyers as well. The current market conditions suggest that buying now could be advantageous due to increased affordability and potential for lower rates in the future, urging renters to consider transitioning to homeownership.
Source: YAHOO