Mortgage Interest Rates Fall Below 6%-Finally!

Daily Mortgage Rates finally fell below 6% for the first time in years. What does this mean for buyers and sellers? For buyers, this is welcome news as higher interest rates have kept many buyers on the sidelines for a long time. For sellers, there may be additional buyers who take this as the sign to jump into the spring market and finally purchase a property. With lower rates, there is always the potential for increased demand which could drive up home prices (the not so welcome news for buyers). If you’re working with a great lender and an experienced broker, you’re in good hands!