Jobs Stall, Bonds Surge, and a QE4-Style Move? Why Mortgage Rates Just Hit a One-Year Low Two major market movers hit on the same day, and together they explain why mortgage rates just dropped to the lowest levels we have seen in over a year.
Every year, a lot of people say the same thing: “This is the year we’re going to buy a home.” And yet, for many of them, nothing actually happens. Not because they didn’t want it badly enough. Not because the market was impossible. Not even because rates were too high. What stops most people is much simpler than that.
Every market cycle brings the same question, just phrased a little differently. Is the housing market about to crash, correct, or take off when mortgage rates come down? The honest answer is that the housing market rarely does only one thing nationwide. Real estate is local, and outcomes depend on supply, demand, affordability, and homeowner behavior. That said, there are clear signals that help us understand which outcomes are more likely and which ones make for better headlines than reality.
Every market cycle brings the same question, just phrased a little differently. Is the housing market about to crash, correct, or take off when mortgage rates come down? The honest answer is that the housing market rarely does only one thing nationwide. Real estate is local, and outcomes depend on supply, demand, affordability, and homeowner behavior. That said, there are clear signals that help us understand which outcomes are more likely and which ones make for better headlines than reality. Let’s start with the idea of a housing crash.
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