News Summary

• “Even if the rates go down, it still doesn’t create the opportunity for everyone,” she said.And those buyers who can afford to start looking might wait to see if mortgage rates keep falling..
• And the winter coat is, like, now out of fashion,” she said.In the last year or so people got used to playing this waiting game when it came mortgage rates, points out Georgetown’s Simon Blanchard..
• That might not seem like a big deal, but it does bring the average mortgage rate below 7% for the first time since August..
• Interest rates, on average, if you look at the last 50-plus years have been about 6, 6 to 7%,” she said.Still, Merritt says, with prices as they are, affordability is a huge issue..
• So now, he says, they might be willing to wait a little bit longer.There’s a lot happening in the world..
• “Like are you going to buy your winter coat during the winter sale?.