The 30-year fixed-rate mortgage average from Freddie Mac just dropped back down this week and continues to hover around three-year lows. Rates have been low and steady for months now, so why are people still holding off buying homes? We break down the details in this week’s Market Update.
State License #AL-172674, AZ-0946587, CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI172674, CO-100544021, FL-LO105582, ID-MLO-2080172674, IL-031.0091636, KY-MC895741, MI-172674, NC-I-230217, NV-17869, NY Licensed Mortgage Banker-NYS Department of Financial Service, OH-Temporary Authority, OR, TX-SML, UT-DRE-12105568, WA-MLO-172674