Home Buyers Say 5.500% Is Their Magic Mortgage Rate - That’s the mortgage rate threshold at which many would-be buyers would jump back into the market, according to a survey from John Burns Research and Consulting. 71% of prospective home buyers say they won’t accept a rate on a 30- year mortgage above 5.5%, the survey shows. While the interest rate on the 30-year loan eased to 7.12% this...
