Pulling out the crystal ball on mortgage rates
If you're looking to get a loan or to refinance, that's good news. But what does that mean for sellers? Is this the start of Housing Boom Part II?
As if, opines Global Insight economist Brian Bethune:
"The lower rates, in themselves, are not going to cause a housing turnaround because they are second in importance to excess inventory and falling prices," Bethune said.