Habib stays with it as mortgage rates continue to fall. Up, Up and Away U.S. housing market remains healthy but expensive, government figures show. October Home resales fell in October, along with prices, but it is too soon to declare the housing market anything but robust. For Rates Forecasters predict soft landing for economy next year, reinforcing view that mortgage rates can remain stable or edge down. The mixed October jobs report implies mortgage rates aren't likely to continue downward, economists say.
Stability is a good bet.
In If you're buying a home, lock in that fixed rate now, economists advice. Little can be gained by waiting. If you plan to refinance, you have more incentive to wait, they say. Low Mortgage rates touched a new low for the year this week. Existing home sales surged in August, which suggests lower mortgage rates are pulling buyers back into the market.