Mortgage rates decreased for the second consecutive week, attributed to lower 10-year Treasury yields after inflation eased slightly. This small dip may provide some relief for prospective homebuyers.
Buyers should focus on the significant increase in homes for sale, the highest since August 2020, which could potentially ease the ongoing housing market strain.
Despite the recent drop in mortgage rates, they continue to hover near 7%, requiring further evidence of inflation control to dip below this threshold.
Collection
[
|
...
]