A lot of people in real estate say consumers are not really motivated by interest rates. But I still overhear a lot of conversations among would-be buyers who are watching them. At least one with his eye on a house started getting agitated a few weeks ago when 30-year fixed rates went back above 6 percent. He thought he missed the boat for the best time to buy. That made him in my eyes a barometer of the market.
Anyway, that is a very long introduction to the newest weekly survey today from Freddie Mac.
Rates fell, ever so
slightly, for a second straight week as a lot of economic indicators remained weak.
Bottom line, if you are obsessed by interest rates, bookmark this Freddie Mac site. It has everything you could possibly want to know about interest rates, including what they averaged in January 1975. You never know when just such a fact will make you the life of the party.
@Nyx.CommentBody@