After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank. But what is there to expect ahead for the housing market?
Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season.
Freddie Mac’s Primary Mortgage Market Survey showed the 30-year details ⇒
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