We won’t express that real estate spin.
We will mention how mortgage rates declined this past week due to the disappointing housing numbers.
For the week ended Thursday, the 30-year fixed-rate mortgage averaged 3.99% compared with 4.08% the previous week and 4.86% a year earlier. Rates on 15-year fixed-rate mortgages averaged 3.23% versus 3.3% a week earlier and 4.09% a year earlier.
How low will they go?