A Break in Mortgage Interest Rates?

It’s interesting, got a message from a Lender (CCCU) today saying rates today are 6.9% without paying any points…..This is going in the right direction.  I see a pent up demand, so I think once the rates are around 5.9-6.3 we are going to see buyers come back into the market…. Just a few weeks ago they were over 8%… (that was the rate I paid when I bought my first place back in 2002…).

I’m sure the rate is for well qualified borrowers with a good down payment.