General World News

Mortgage rate protections, price discounts help reel in hesitant borrowers

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. But that’s not the only reason for the uptick. 

After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates. 

“The fall in mortgage rates creates opportunities for many buyers, as a lower mortgage rate brings down the monthly payment,” Nadia Evangelou, National Association of Realtors senior economist and director of real estate research, said in details ⇒

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