Rates on 30-year mortgages fell to the lowest level in five months this week. Freddie Mac, the mortgage company, reported yesterday that 30-year, fixed-rate mortgages dipped to 6.26 percent this week.
Jonah’s Thoughts:
“Four things have to decrese and in some cases plunge: (1) Interest Rates, (2) Current Housing Inventory, (3) New Housing Starts, (4) Home Prices. Interest rates and new housing starts have begun to fall.”
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