Did lower mortgage rates lead to higher home prices in October?
Traditionally, home prices soften in the second half of the year but that’s not what’s happening. Let’s look at why.
Mortgage Rates
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The election is over, but mortgage rates have yet to change course
The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty tied to the election is fading.
Mortgage rates dodge a bullet — for now
Last week we were at risk of breaking a key level in the bond market, which could have sent mortgage rates much higher.
Housing inventory drops noticeably on election week
Last week, we saw a noticeable decline in both active inventory and new listings for election week. Is this just the normal seasonal decline?