Decreasing Mortgage Rates Prompt Question: Where Are Buyers?

In anticipation of the upcoming Federal Reserve meeting, mortgage rates have continued their downward trend. Despite this decrease in rates, there has not been a significant increase in the number of borrowers seeking mortgages.

• Mortgage rates have been decreasing leading up to the next Federal Reserve meeting
• Borrower demand has not surged despite the declining rates

While the continued decline in mortgage rates may be enticing to potential borrowers, the lack of significant increase in demand suggests that other factors may be at play. It will be interesting to see how the Federal Reserve’s actions impact mortgage rates and borrower behavior in the coming months.

You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-lower-where-are-homebuyers/(subscription required)

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