The decline in mortgage rates to atwo-year low of 6.09% for a 30-year fixed loan is ushering in a new era of affordability for homebuyers across the U.S. The drop, following the Federal Reserve’s historic interest rate cut, is down from the 23-year high of 7.79% seen in October of last year. Hannah Jones, senior economic research analyst at Realtor.com, said in a report last week that the rate cut has “dramatically improved buying power across the U.S., further bolstered by easing prices in some areas.” Don’t Miss: A billion-dollar investment strategy with minimums as low as $10 —you can becom…
