This Is the Magic Mortgage Rate To Rev the Housing Market Back Up

This Is the Magic Mortgage Rate To Rev the Housing Market Back Up

What does the housing market need to rev back up? Lower mortgage rates. Many Americans believe homeownership is still achievable—that is, if high mortgage rates fall, according to a recent survey from Realtor.com®. The magic rate is in the 5% range, according to the survey. About a fifth of Americans, 22%, hoping to buy a