( ) -v-37- UNDATED (Correspondent Jeremy House) “std.” Shop for a home now or hold out for possibly lower mortgage rates? Correspondent Jeremy House has more on the story. [CutID: <Cuts> HOMEBUYERS-MORTGAGE-RATES-house-q-FRIam.mp3 Time: 37s Title: HOMEBUYERS-MORTGAGE-RATES-house-q-FRIam Out-cue: std] ——————————- VERBATIM: It’s a question confronting many home shoppers this spring homebuying season amid widespread expectations that […]
Audio
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
( ) -v-37- UNDATED (Correspondent Jeremy House) “std.”
Shop for a home now or hold out for possibly lower mortgage rates? Correspondent Jeremy House has more on the story.
[CutID: <Cuts> HOMEBUYERS-MORTGAGE-RATES-house-q-FRIam.mp3
Time: 37s
Title: HOMEBUYERS-MORTGAGE-RATES-house-q-FRIam
Out-cue: std]
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VERBATIM: It’s a question confronting many home shoppers this spring homebuying season amid widespread expectations that mortgage rates could come down once the Federal Reserve begins lowering its own short-term rate. Economists generally anticipate that the average rate on a 30-year mortgage could start declining later this year after surging to a 23-year high of nearly 8% in late October. Holding out for more attractive rates could give homebuyers some financial breathing room. But there’s a potential downside to waiting: Lower rates can bring out more buyers, driving up prices…JH reporting.