Average rates on 30-year fixed-rate mortgages reached their lowest levels in more than 50 years this week. Brokers were quoting rates as low as 4.25% on 30-year loans on Thursday for well-qualified borrowers. But if rates are so low, why isn’t demand for new loans picking up?
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Keller Williams has launched its new neighborhood-based home search app to coincide with the updated website that was launched earlier this year.