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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: