Mortgage Rates Have Dropped to Their Lowest in Nearly a Year: What Does This Mean?

Mortgage rates have dropped to their lowest in nearly a year: What does this mean?

With mortgage rates as low as they have been in nearly a year, is now the time to buy a house?  The U.S. housing market has been sluggish for years as homeowners locked into mortgage rates below 6% have put off any moves to avoid paying the higher costs associated with the current rates.  “The housing market has been in a deep freeze for about three years,” NBC senior business correspondent Christine Romans said on TODAY on Sept. 11. “Signs of t…

Missouri Minute: Senate advances redistricting; Mortgage rates fall to lowest level in nearly a year

Good morning, MBA readers,