Mortgage Rates Dip: Will Buyers Bite?

Mortgage rates just hit a 10-month low, averaging 6.5% for a 30-year loan! But don't expect a buying frenzy just yet. Applications are still down, and high prices keep many potential buyers on the sidelines. All eyes are on the upcoming jobs report, which could trigger the Fed to cut rates and send mortgage rates even lower, or send them soaring back up. Is this the dip buyers have been waiting for, or just a temporary lull? Hosted on Acast. See acast.com/privacy for more information.