Century 21 Real Estate CEO provides analysis of the latest mortgage rate data as homebuyers continue to struggle with affordability problems.
As consumers patiently wait for mortgage rates to settle, the Century 21 Real Estate CEO is flagging consumers about "positive signs" that are emerging from the real estate market. "On the housing front, I think there are a couple of good, positive signs that are building momentum," Mike Miedler began.
Miedler continued to break down some additional "good news" for the real estate market and its impact on investors' economic outlook. "The mortgage rates, even though they have come down just a little bit, they are creating more demand," he said, Tuesday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.
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