For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of ...
Higher mortgage rates may be making it harder for homebuyers, but they may have actually helped restore balance to the housing market, which has been out of whack for many years.
Rates on 30-year mortgages ticked up a minimal 1 basis point for a second consecutive day Monday, after a large drop last week. The flagship average now sits at 6.85%, just barely above the cheapest ...