Rates Drop: Buyers to Bust a Move?

Mitch Yost needs to get back in the game. (Pictured are Mitch & Sissy Yost.)


Mortgage Rates Drop to Lowest Point Since May

Freddie Mac reported today that 30-year, fixed-rate mortgages averaged 6.52 percent. That was down from 6.62 percent last week and was the lowest rate since the week ending May 31, when rates stood at 6.42 percent.

This is great news for anyone trying to get a loan in the current belt-tightening environment. Hopefully this will get some of the Buyers off of the sidelines and into the game and start reducing some of the back log of inventory.

Could this be the makings of a legit Spring Market this year?

Stay tuned...