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Mortgage Rates Edge Down for Second Week
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“A struggling housing market can be a sign of weaker economic growth to come, which lowers the returns investors demand on their bond purchases. In turn, this allows mortgage rates to fall and hopefully alleviate some of the negative effects being experienced by the housing market,” said Realtor.com Senior Economist Joel Berner....
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No Rate Hike Now, but Future Fed Maneuvers Uncertain
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“Those hoping to make a home purchase in the months ahead should plan for further mortgage-rate volatility and rate-proof their home shopping budget by testing out a range of possible mortgage rates so they’ll be prepared to react,” said Danielle Hale, chief economist at Realtor.com....
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