Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcoran believes the minimal drop is not enough to spur major market challenges.
Source: Inman News
Housing market challenges aren’t over yet, Barbara Corcoran warns
Published in 30 year fixed rate mortgage, 30-year fixed, barbara corcoran, Corcoran Group, FOX Business, home prices, homebuying season, homeownership, housing inventory, housing market, housing market challenges, inman, Maria Bartiromo, market challenges, Markets & Economy, mortgage rates, Music City, nashville, News Brief, Redfin, Redfin analysis, Select and shark tank
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