Mortgage Rates Just Hit a 14-Month Low: Is Now a Good Time to Buy a House?
Briefly

Mortgage rates have reached a 14-month low of 6.34%, providing considerable purchasing power for homebuyers. As buyers previously deterred by high rates return to the market, housing prices may rise. Listings have increased by 20% annually, enhancing available inventory. If potential buyers act now rather than waiting, they can avoid stiff competition and capitalize on lower rates to invest more into equity over time. Experts predict further rate cuts in the future, promising even better options for buyers.
Daily average mortgage rates have hit a 14-month low. This offers buyers significant purchasing power, making it an opportune time to buy a house.
Total listings are up 20% compared to last year, providing a wider selection for potential buyers, who should act before competition increases.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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