Prices, rates low, but buyers wary
Posted September 8, 2011
While many homeowners are taking advantage of historically low mortgage rates, many aren’t able to do so due to negative equity positions and tougher underwriting standards.
So while Treasuries and mortgage rates have been hovering in a tighter range over the past couple of weeks, perhaps we’ll see some new movement after President Obama's speech adds some clarity to the consumer and the trading world.
The question at hand for housing is: Could lower mortgage rates alone really make an impact on housing in today’s market? We’ll have to wait and see.