Mortgage rates continue to fall. Will they significantly boost home sales? Not likely, says this Barrons report.
In the past, current and potential homebuyers would have jumped at these rates, the piece says. But we’re now in a deflationary period, and people are reluctant to buy if they think the value of their underlying asset might decline.
Massachusetts is in better shape than other parts of the country. But the same fundamentals still hold true.
File under: The mortgage world turned upside down.