Mortgage rates recently hit record lows, boosting affordability for homes. If you even care-
There’s a limited pool of Americans who can take advantage. Many would-be buyers are worried about losing their jobs; now that the home-buyer tax credit has expired, they’re even less motivated to take the risk of buying a place. MarketWatch
And some existing homeowners can’t benefit because their lack of home equity prevents them from refinancing.
The 30-year fixed-rate mortgage averaged 4.58% for the week ending July 1, according to Freddie Mac’s weekly survey of conforming mortgage rates
