And buyers are wonderingwhen will home prices fall, and sellers are asking “when will mortgage rates drop?” The FED says it will be hawkish with a desire to lower the rates, but indicate only two more cuts this year, which would mean big trouble is brewing for manyhousing markets. Mor...
Regardless, a rate cut is likely to help revive the housing industry by helping to drive mortgage rates even lower, Moody's Analytics economist Mark Zandi wrote in a Monday research report. "Rates appear set to fall below 6% in coming months as the Fed cuts interest rates," Zandi said. E...
A pullback in rates last fall helped home sales increase on a monthly basis in the last three months of the year. Home sales in December rose 2.2% from the previous month on a seasonally adjusted basis to a 4.24 million annual pace, NAR said. That ...