Last week, there was a decrease in mortgage rates to the minimum level for two months.
Experts note that this drop in rates for residential mortgages was the result of recent changes in the real estate market. Potential buyers may find it easier to access favorable terms for mortgage lending, which, likely, will boost demand for housing.
"The reduction in mortgage rates can serve as a stimulus for completing deals when purchasing housing. This is a positive trend that could support the growth of the real estate market in the near future," noted a financial analyst.
Experts recommend that potential buyers pay attention to current residential loan offers and not miss the chance to secure a good rate when purchasing a home.
