Many homebuyers — already stretched thin by high home prices — have been waiting eagerly for mortgage rates to fall.
And it appears that relief might be on the way. In the past six weeks, mortgage rates have dropped at least a full percentage point from the record highs seen in the fall of last year.
“For buyers, there is a lot of uncertainty about whether or not rates have peaked or if rates will go down any more,” said Andre Barrett, team lead with The Barrett Group LLC in Tamarac, Floridad.
