Welp…maybe later, huh?
There had been some movement to the downside in rates lately, giving everyone hopeful little frissons in their extremities. It sure looked like the Good Ship USS POTATUS was going to right itself in spite of him.
Mortgage Rates Are Finally Falling: See How Much Homebuyers Can Save on a House Right Now
All eyes have been glued of late to the ups and downs of mortgage rates, and for good reason: In late October, they hit highs not seen in 23 years. This, in turn, pushed the cost of buying a home beyond reach for many Americans.
But what goes up has come down: Mortgage rates averaged about 6.63% for 30-year fixed-rate loans for the week ending Feb. 1, according to Freddie Mac data. That’s more than a full percentage point lower than the most recent peak* of around 7.8% just over three months earlier.
For potential homebuyers, lower mortgage rates mean that the…
