What do falling interest rates, price declines mean?

After topping 7% final fall, mortgage rates of interest have fallen in latest months.

Whereas nonetheless far increased than presently final yr, right this moment’s charges at the moment are within the low 6% vary. Couple that with latest house worth declines, and houses are barely cheaper than they have been a couple of months in the past.

The change presents potential patrons with a alternative: They will leap into the market now or maintain ready with the hope that charges — and residential costs — will fall extra.

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