Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.If mortgage rates fall, then buyers will save money—this seems like a logical conclusion. However, rates don’t exist in a vacuum. As rates fall, buyer appetite increases, which drives up home prices. That’s exactly what’s happening in today’s market.has remained below 3% since July 30, dipping down to an all-time low of 2.
However, Pinto says the beneficiaries of these rates have been mortgage lenders , real estate agents and home sellers. The bulk of the profit increases can be attributed to one thing: Lenders are earning more money than they used to by selling mortgages on the secondary market to places like. These are the two government-sponsored enterprises authorized to issue mortgage-backed securities that the Fed is buying—with taxpayer money—at a furious pace.
На рынке жилья перепроизводство. Скоро пузырь лопнет.
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There's no way on Earth I would buy a house in America.
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Meanwhile people are losing their homes for late payments 🙄
They’re also not putting 20% down. Get rid of PMI and this problem is solved
Because massive money Printing means higher inflation in housing prices.
There’s too many of them competing for shrinking inventory