Rates down, prices & listings up, which means … ?

The roller coaster that is the housing market continues. Mortgages rates dropped to 7.5%, down from 7.76% the week before, home prices edged up by 1% and new listings actually rose by 0.6%.

While inventory remains very low, the houses that are on the market moved in two days less time.

And all of this means? Analysts remain hopeful that mortgage rates will continue to soften based on the Federal Reserves future decisions. Until then, it will be the status quo.

Leave a Comment