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Saturday, April 06, 2019

Low mortgage rates won't heat up the housing market, analysts say | 2019-04-05 | HousingWire

Low mortgage rates won't heat up the housing market, analysts say | 2019-04-05 | HousingWire: Mortgage rates have dropped significantly as of late, with the 30-year fixed coming in at an average of 4.08% this week. The development has spurred activity in purchase mortgage applications as homebuyers act now to take advantage of the low rates while they’re here. But analysts at Capital Economics warn against getting too excited about the possibility that low rates will heat up the housing market.   “Mortgage interest rates have dropped sharply since the end of last year, and the 30-year fixed rate is . . .