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Tribune News Service
Tribune News Service
Business
Michael E. Kanell

Homebuyers lured by dip in mortgage rates still higher than a year ago

ATLANTA — It wasn’t the price, it was the rate.

Kevin Johnson and his wife closed in December on a newly constructed, five-bedroom, three-bath home in Dallas for $449,000 — $100,000 more than the price they got for their Powder Springs, Georgia, home — a move they weren’t making because they really wanted to leave their home of eight years.

“Had we not found this one, we would have just stayed in our other house,” he said.

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