General World News

Housing Market Tracker: A wild week for rates

It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data.

Here’s a quick rundown of the last week:

  • Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows.
  • Mortgage rates rose last week as we started the week at 6.55% but ended at details ⇒

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