http://realtormag.realtor.org/daily-news/2016/07/12/pros-and-cons-low-mortgage-rates?om_rid=AADG2i&om_mid=_BXhUU9B9PtsFJp&om_ntype=RMODaily
Here are a few thoughts from the National Association of Realtors, Danielle Hale:
Pros
More purchasing power
Income needed to qualify is also reduced
Reduction in the income needed to finance a home
Cons
Concerns about the global economy stagnating
Consumers nervous
Trouble finding affordable housing options due to a lack of inventory
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