Any further decline in mortgage rates will be minimal,” said Lawrence Yun, chief economist at the National Association of ...
California homes now sell at a 260,200 annual rate, below 2008’s global financial crisis or the mid-1990s real estate mess.
Rates have been mostly declining since July in anticipation of a Fed rate cut. The average rate on a 30-year mortgage is now 6.09%, according to mortgage buyer Freddie Mac. That’s down from 7.22% in ...