Blog > Will Home Buyers Jump at Cheaper Mortgage Rates?
<div class="hs-featured-image-wrapper"> <a href="https://blog.altosresearch.com/will-home-buyers-jump-at-cheaper-mortgage-rates" title="" class="hs-featured-image-link"> <img src="https://blog.altosresearch.com/hubfs/AdobeStock_126794739.jpeg" alt="Will Home Buyers Jump at Cheaper Mortgage Rates?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Mortgage rates are dropping fast. Will potential home buyers jump at newly cheaper payments? Or will they wait to see if rates drop further before taking action? <br><br>Mortgage rates are at the lowest they’ve been in over a year. Last year at this time rates were rising, finally peaking at 8% in October 2023, which really slowed the housing market. With the 30-year fixed rate now under 6.5%, we'll be watching the data closely to see how demand changes over the next few weeks.<br><br>Every week Altos Research tracks every home for sale in the country. We analyze all the pricing, supply and demand, and all the changes in that data and we make it available to you before you see it in the traditional channels. If you aren’t using Altos market reports with your clients, your buyers and sellers, now might be the time to step up. Go to <a href="http://altosresearch.com" style="font-weight: bold;">altosresearch.com</a> and book a free consult with our team. Because everyone is worried about what’s happening right now. They need you to help them see clearly. The data we cover here in these national videos is available for every zip code in the US. Join us to dive in.<br><br>I’m Mike Simonsen, I’m the founder of Altos Research. Let’s look at the data for the week of August 5, 2024. <span style="font-weight: bold;">Please refer to the video below for all the charts I mention in this transcript!</span></p> <img src="https://img.chime.me/image/fs/chimeblog/20240806/16/original_8e497227-b434-4fcc-9347-94d19252bcb0.gif?a=7754956&k=14&r=https%3A%2F%2Fblog.altosresearch.com%2Fwill-home-buyers-jump-at-cheaper-mortgage-rates&bu=https%253A%252F%252Fblog.altosresearch.com&bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; ">
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Catherine Abiera - Lumbres, ABR MRP C2EX AHWD
Broker Associate | License ID: EA100089425
Broker Associate License ID: EA100089425