The question from the housing industry after the Federal Reserve’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market?

A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.

That’s just one signal that demand is increasing. Purchase mortgage applications are up more than 10% compared to last month, while Redfin’s homebuyer demand index — which measures home tours and other agent services — reached its highest details ⇒

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