Housing Markets Buyers are Flocking to as Rates Drop: South Portland ME Makes the List

After years of exploding rates, low inventory and high home prices, there seems to be some hope on the horizon finally for homebuyers. Some specific housing markets are becoming even more attractive for buyers.

The 30-year mortgage rate dropped to 6.47% as of August 8 — its lowest rate in more than a year, according to Freddie Mac. While this is still a far cry from the 2% and %3 days of a few years ago, it’s enough breathing room for some buyers to get back in the game.

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