Mortgage interest rates are making the news again. They have gone down to just over 6% for a 30-year mortgage. Experts believe that lower rates result in more home sales. That isn’t the case because we still have that old supply and demand problem. Expect home prices to increase as the demand is stronger than the supply.
Don’t get me wrong. I strongly favor lower interest rates. I just wish there were more houses so that people could buy them.
