US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

Mortgage rates are forecasted to fall through November, 2021 when they are anticipated to bottom out. The reason is that real estate is a core element to any economic recovery in the United States and is also a feeder to many other industries that must continue in a positive trend in order to put us back on our own feet. It is also important if this country is going to its reverse unemployment trend, which will be one of the most important platforms in any presidential election year. The old adage is still true: as real goes, so goes the economy where consumer confidence typically leads the way to economic well being.

A Key objective of all American workers has always been to own a home which is our way to economic security, especially leading into one’s retirement years. According to Property Wire, the housing market activity is bouncing back to higher levels than before the lockdown based on home sales, demand and house price growth, Zoopla’s House Price Index has found. The number of agreed home sales has rebounded by 4% between early March and May. House price growth has risen to 2.4% in May, up from 1.6% at the start of the year. A positive indicator is that buyer demand in May was 46% higher than in early March, when demand for housing fell by 70%.