Mortgage Rates and New Construction

Rates remain at record lows as banks and lenders continue to ride the refi boom.

The toss up that borrowers face when looking to refinance is taking advantage of high property values before they dip due to a recession or downturn and trying to time interest rates in this historically low period. As housing demand continues to increase, it appears values will follow as the recent downturn made a dent in new construction starts, delaying supply.

Hat tip to the WSJ’s Daily Shot team.