11/16/2023
Does this change anything for you? At what point is the rate low enough to make an appreciable impact on the current housing market?
My two cents (for whatever they are worth)- this is a great window of opportunity for homebuyers to get in if they find a home they love. If/when rates drop even lower, there will be more competition with other buyers, driving home prices up. You can always refinance for a lower rate.
November 3rd's jobs report brought an outstanding week for Treasuries and mortgage rates to an outstanding conclusion. From there, the following week (last week) was sorely lacking in inspiration. Markets were anxiously awaiting today's release of the Consumer Price Index...