General World News

Housing Market Tracker: Mortgage rates drop almost 1%

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. The 10-year yield finally broke below a critical technical level it had difficulty breaking for many months and we had a very small increase in inventory.

Here’s a quick rundown of the last week:

  • Mortgage rates fell last week as the 10-year yield broke lower for the first time since the significant rise in rates last year. 
  • Active inventory details ⇒

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