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0 0.00148809523809525 0.00112807219662065 0.00115111367127511 -0.00235215053763432 0.00460829493087561 0.00571236559139784 0.00662442396313376
Stock impact report

Should you buy a home this fall or wait for rates to drop further? [CBS News]

Cullen/Frost Bankers, Inc. (CFR) 
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: frostbank.com/investor-relations
Company Research Source: CBS News
the persistent belief in the benefits of property ownership, most aspiring homeowners have been hesitant to purchase a home in the post-pandemic era. The same study revealed a whopping 71% of aspiring owners were waiting for mortgage rates to drop before they'd move forward with an offer to buy a home of their own. Would-be buyers have had plenty of good reasons not to rush into the real estate market. While mortgage rates have fallen in recent weeks, the post-pandemic era has seen the most expensive home loan rates since the early 2000s. Home prices also surged due to limited inventory , leaving potential buyers looking at paying high rates and choosing from a small pool of high-priced homes. The good news, though, is that mortgage interest rates in September have already become more competitive, and the mortgage interest forecast for fall 2024 suggests a further reduction in borrowing costs could be imminent. The bad news is that borrowers eagerly preparing for mortgage rate cut Show less Read more
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