Housing Market Update: The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month

Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers.  The largest weekly drop in mortgage rates in four decades, along with the slowest annual home-price growth since the start of the pandemic, is providing some relief for would-be homebuyers’ budgets.  Last week’s better-than-expected inflation … Continue reading Housing Market Update: The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month