Mortgage rates are sinking, but don't time the housing market by waiting for them to fall further, Bank of America exec says

Mortgage rates are sinking, but don't time the housing market by waiting for them to fall further, Bank of America exec says

AP Photo/David J. Phillip, File

Mortgage rates have tumbled at the fastest pace since the 2008 housing crash, but prospective homebuyers shouldn't wait to see how low they will go, a Bank of America executive said.

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