![US Home Down Payments Soar To Record. Mortgage Rates Fall Again](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2024/08/HouseBalloonFireAug282024.png?fit=1152%2C654&ssl=1)
US Home Down Payments Soar To Record. Mortgage Rates Fall Again
Mortgages. Get 'em while they're hot. Err, "cheap."
Financing costs for half-million dollar human self-storage compartments (hat tip to a reader for that little quip) fell a fourth straight week, the MBA said Wednesday.
The rate on a 30-year commitment to a tiny plot of land with a small-ish box on it is now just 6.44%, the lowest since April of last year.
Rates still aren't anywhere near low enough to catalyze a market thaw. As discussed here earlier this week, six out of seven US mortgage
From my experience, family loans generally become donations,