Estimated reading time: 0 minutes, 32 seconds

Rates Slip Again, But Are Home Prices Too High?

Friday, Oct 02 2020
Lending
Written by 

While mortgage rates have edged lower again, it’s uncertain whether home prices could eventually reach a point where buyers as a group are priced out, regardless of rates. So reports MarketWatch.

!--more-->According to Freddie Mac, the average on the 30-year fixed-rate declined two basis points to 2.88% for the week ending Oct. 1, only two basis points above the record low from this summer.

“Affordability is resilient in the face of economic downturns, but just how resilient depends on the dynamics of mortgage rates, income and house price appreciation," Mark Fleming, chief economist at First American Title Insurance, wrote in a separate report.

Read the full article from MarketWatch. 

Read 1697 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline