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Mortgage rates hit lowest rate since August

The rate for a 30-year-mortgage dipped below 7% this week, and they could keep sliding

A drone view of a housing development near Positano Hills Park extends into the hills in Dublin, Calif., on Thursday, Feb. 23, 2023. Dublin is now California’s fastest growing city, according to U.S. Census data. (Jane Tyska/Bay Area News Group)
A drone view of a housing development near Positano Hills Park extends into the hills in Dublin, Calif., on Thursday, Feb. 23, 2023. Dublin is now California’s fastest growing city, according to U.S. Census data. (Jane Tyska/Bay Area News Group)
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As borrowing costs drop, real estate experts predict home prices and sales will pick up.

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