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Reply to "Trump orders fannie/fredde to buy mortgage bonds - rates dropping"
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[quote=Anonymous][quote=Anonymous]The rates need to get low enough that people who feel trapped by their good rate will be willing to sell. If you have a 3% mortgage, 5.99 isn’t going to do that for you. The question is, what number will?[/quote] Under 5% (like 4.9%, 4.7% etc) starts to make it more appealing for lots of people to move. Only 20% of current mortgage holders have sub-3% rates.[/quote]
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