For anyone looking to buy a home in the US, you may have noticed that mortgage rates are still too high. They are still above 6% for excellent credit meaning most people will be paying 8%+ which is too high. I also noticed house prices are not going down either yet are somehow selling. It seems as if banks are buying up these homes. I don't know what is going on.
Are mortgage rates still very high where you live?
Are mortgage rates still very high where you live?