General World News

Did we reach the peak for mortgage rates this year?

We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend.

  • Weekly active listings rose by only 5,654
  • Mortgage rates went from 7.37%  and ended the week at 7.08%
  • Purchase apps rose 2% week to week

Mortgage rates and the bond market

The 10-year yield and mortgage rates were wild last week. Mortgage rates fell from 7.37% to a low of 7.07% and didn’t budge even details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com