A path to sub-7% mortgage rates is back on the table
As rates have fallen, housing demand has stabilized the last two weeks
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As rates have fallen, housing demand has stabilized the last two weeks
We still have some pressing issues with inflation, but it looks like the Fed doesn’t want to go crazy with rate hikes
HousingWire Data shows that seven of the top 10 markets are at least 10% more affordable than the national average
Home prices gained 2.1% YoY while CPI inflation was 3.4%, and only 2 metros posted monthly gains
Rates fell toward 7.30% as the 10-year yield dipped below 5% in a wild week for the bond market
Analysts see the moves as largely benign for mortgage and title insurers
Thursday was a wild day, and there was some short covering in bonds
The search for housing affordability is getting harder as mortgage rates top 7%, with weakening contract activity in Omaha, Huntsville and Tulsa
Economist explains how 7% mortgage rates and lower home price growth are reshaping affordability and mobility
A path back below 7% exists, but spreads and geopolitics still matter