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 ⇒
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