Source: Yahoo Finance —
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 week ago, says Nadia Evangelou, senior economist for the National Association of Realtors.
