All in all, you can see how effectively 7% mortgage rates have slowed the housing market. Rates, however, may be inching lower as the yield on the 10-year Treasury moves lower and the spread between the 10-year and 30-year mortgage rate compresses a bit. If rates move into the 6s soon, expect a small uptick [...]read morePeak homebuying season is clouded by mixed signals
Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they’ll be aligning their sales with a late-year rate drop. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, [...]read moreHomeseller Sentiment Is Lukewarm As Spring Homebuying Ramps Up
Rising mortgage rates thwarted the first weeks of the spring market, according to a Redfin housing report published on Thursday. Homesellers pulled back during the four weeks ending March 31, leading new listing growth to experience the smallest annual increase in seven weeks (+8.4 percent). Join the movement at Inman Connect Las Vegas, July 30 [...]read moreDisappointing Economic News Hampers Early Spring Homebuying Activity