The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory?

Here’s a quick rundown of the last week:

• The 10-year yield had a roller-coaster week, and so did mortgage rates, but the 10-year yield held its critical line, and mortgage rates ended at 6.55%.
• Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data details ⇒

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