Lower interest rates surely get the fence sitters to make a decision about buying a new home but other factors also weigh on potential home shoppers before they turn into home buyers.
The 4% mortgage is back! The average rate on a 30-year fixed rate mortgage was down nearly a quarter point this week from a week earlier, its biggest drop in over a decade. Mortgage rates are fast approaching 4%, low enough to help the housing market rebound as the spring season approaches.
