Wondering if buyers are still out there?
Short answer: yes—and they're ramping up fast.
Even before the recent drop in mortgage rates, online home searches were heating up. Then, on August 7, rates dipped to 6.55%, and things really started moving. Just a few days later, on August 13, rates dropped again—this time to 6.53%, the lowest level we've seen all year, according to Mortgage News Daily.
And guess what happened? Mortgage applications spiked.
That's not a coincidence. That's buyer momentum pickin...