Mortgage Rates At All Time Low, But You're Not Buyin' A House

(kevindooley)

Freddie Mac recently announced that rates for a 30-year mortgage fell to 4.69%, the lowest level since they started keeping track.

Fortune says:

Lower mortgage rates, of course, make it cheaper to buy a house. But with unemployment stubbornly high, wages stagnant and tax incentives expiring, few people are taking the plunge.

New home sales tumbled by a record amount last month after the expiration of the new home-buyer tax credit.

Mortgage rates hit new low [Fortune]