Big drop in mortgage rates juices refinances, but doesn’t seduce buyers

A home is offered for sale in Chicago, Ill.

Home sales flashing early warning signs   Wednesday, 24 May 2017 | 7:38 AM ET | 01:18

Lower mortgage rates are helping more homeowners refinance and reduce their monthly payments, but they are not providing much incentive to homebuyers, who are finding few affordable listings.

 

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