General World News

Housing Market Tracker: Mortgage rates and inventory fall together

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory.

Here’s a quick rundown of the last week:

  • The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.
  • Active inventory fell 1,109, and new details ⇒

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