Decrease Interest Rates Stimulate Housing Market
Decrease Interest Rates Stimulate Housing Market
As expectations mount for a Federal Reserve interest rate cut, mortgage rates have plummeted to their lowest levels in over a year, revitalizing homebuyer activity and driving a surge in both new mortgage applications and refinancing of existing loans. During the week ending Aug. 2, the average contract interest rate for 30-year fixed-rate mortgages, with ...










