Historically Low Interest Rates Haven’t Bolstered the Housing Market

The recent sharp drop in interest rates – 3.75% for a 30-year fixed mortgage - hasn’t had a positive impact on the housing market. Existing home sales are down 2% from the same period a year ago.

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Posted by Jeff Mindham

Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies. I have a master’s degree from the University of San Francisco and a BA degree in Communications.

Historically Low Interest Rates Haven’t Bolstered the Housing Market

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