I heard on the radio this morning that interest rates have dropped recently and might remain lower well into the new year. This is great news, of course, as people who've been on the fence might see this as a great opportunity to take some action. My guess is that this move is because of a combination of a slowing housing market and lower number of loan applications, and because the Fed indicated this past week that they might not be raising rates as quickly as earlier believed.
Who knows how long this will last, but it might create another nice boost in activity for a while, at least. |