Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners.
Jay Bray, Mr. Cooper Group chairman and CEO, joins ‘The Exchange’ to discuss the recent drop in mortgage rates and what this means for homeowners, the economy, and more.
UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates