Yesterday, we saw a 6-handle again on the 30-year fixed rate mortgages, and it should come down a little more today.

With there being virtually no upward pressure on pricing – the quartiles just turned slightly lower than last year – we could see the sales momentum pick up if rates can just settle in the sixes.

Lower rates AND prices used to mean something. We’ll see about this year!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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