Homeownership just got 5% cheaper as mortgage rates fall off a cliff

Homeownership just got 5% cheaper as mortgage rates fall off a cliff

Homeownership just got 5% cheaper as mortgage rates fall off a cliff

Homeownership just got 5% cheaper as mortgage rates fall off a cliff

U.S. mortgage rates fell sharply and for the second straight week as monetary policies meant to slow the economy take hold of the housing market.

The rate on the popular 30-year fixed mortgage hasn’t fallen this much since December 2008, a new report shows.

Though rates have been rising for most of this year, the recent dips provide a sliver of hope for buyers.

Purchasing a home is now about 5% more affordable than it was a…


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