Cheaper Mortgages Could Spur Housing Market
Drop to 3.97% for a 30-year fixed-rate mortgage could encourage home buyers
“Almost the entirety of the Trump bump [to mortgage rates] has been washed away,”
That, in turn, could spur the housing market
.. Economists said a surge of additional buyers this spring wouldn’t be entirely welcome. “It’s driving more demand into a market that doesn’t have much in the way of supply,”
.. U.S. home prices rose 5.9% in the 12 months ended in January, the fastest rate since mid-2014
.. On the other hand, continued uncertainty in Syria, North Korea and France or a failure by Republicans to deliver on promised tax overhaul and economic growth could help keep rates lower.