A.P. reported last week that 30 year mortgage rates fell to 6.69% average. What a teeter totter year of mortgage rates it has been! Rates hovered at just above or just below 7% all year. More so for buyers once below 7% has been green light go (buy) while over has been red light stop (hold off) seemingly all year. What do we make of this? Who knows! The “experts” predicted falling rates all year and in hindsight were flat out wrong. Another thing I noticed is when they did dip below 7% they did not stay there long. Is this the new norm? I hope not. I would like to think the new norm would land at least in the low 6’s. Is this keeping Mission Va LLC from buying houses direct? No, its not. We do this full time and have crews to keep working despite. Make it a great day!