The average rate for a 30-year fixed mortgage was flat at 6.35% for the week ending September 5, according to data from Freddie Mac. Redfin CEO Glenn Kelman ...
) says that homebuyers are very slowly responding to the drop in rates, saying he has"never seen buyers respond so sluggishly to low interest rates."
So mortgage News daily tells me the 30 year fixed is at 635. is there a level Glenn that you look for that would jump start, you know, meaningful activity, Glenn, you know, is it six, is it 55? There are so many folks who don't want to give up that old mortgage because even if they bought the same house, they'd be paying so much more for it with the rate that starts with six A and Glenn, they may be getting more relief on the mortgage front, but they're not getting relieved necessarily on the price front.Well, I think it started to decelerate some, but really, we have a structural problem that America has forgotten how to build homes.
But still we have made it so hard to get credit for affordable homes that builders have stopped building affordable homes.
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