Home Buyer Alert! Mortgage Rates just hit a 12 month low! John Ternullo and John Marroni discuss what that means for buyers in the Suburbs North of Boston.
From Sam Khater, Chief Economist at Freddie Mac: "The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year. While housing activity has clearly softened over the last nine months and the lingering effects of higher rates from last year are still being felt, lower mortgage rates and a strong job market should rekindle demand for the spring homebuying season."