General World News

Housing Market Tracker: Rates finally head lower

We finally got a break on mortgage rates last week as the 10-year yield hit a critical level and quickly reversed lower, sending mortgage rates down. Active listings showed growth, week to week, but much smaller than I would like to see. Purchase application data showed some growth weekly, keeping alive the streak of more positive data than negative data year to date.

  • Weekly active listings rose by 5,569
  • Mortgage rates fell from 7.12% to a low of 6.87%, the recent high was 7.22%
  • Purchase apps were up 2% from week to week.

The 10-year yield and mortgage rates

What a crazy few weeks details ⇒

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