David Yi | Source | President at Providence Mortgage

The housing industry, as a whole, supports many industries that contribute to a stable economy, such as home improvement retailers, contractors, insurance agencies, lenders, inspectors, appraisers, and more. As mortgage rates fluctuated with extreme volatility in the past few weeks, this news comes as much-needed relief to the shaky real estate and mortgage market at a time where the majority of the business occurs with spring and summer months. Those who were on the fence and waiting for lower rates should look to make a move sooner than later.