Why Are Fewer People Buying Homes Now?

Even though mortgage rates just hit their lowest point since April, fewer folks are applying for home loans. Blame it on economic jitters—people are holding off on big moves like buying a house, even with slightly cheaper borrowing. The real twist? Refinancing is also down, despite the rate drop. So, if you’re house-hunting, you might have less competition right now. Just keep an eye on what the Fed says next—things could shift fast! #HomeBuying #MortgageTips #MoneyMoves