I just read an article by Inman news explaining how the mortgage interest rates fell this week to lows we haven't seen since 2004. That's great news for buyers that are indecisive about buying now or waiting until later. With the recent special Fed rate cut buyers may think it's best to hold out for even lower rates. That could be a risky gamble. I'll explain why.
Although I am starting to get more buyers than I can handle, they are passing by decent properties and insisting on viewing everything on the market in their price range. I can't blame them, although I saw a few homes I'd purchase in a minute if I were looking. But today's buyers think there's something better out there or they're waiting for better rates.
If interest rates keep…
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