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?
Mortgage rates set new record, so why is demand weak?
Most Popular Articles
Latest Articles
FundingShield’s Ike Suri on the limits of AI in fighting fraud
Fundingshield CEO Ike Suri talks about rising fraud risks, what keeps him up at night, and the limits of AI.