The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage.
Source: Inman News
Mortgage rates hit 10-month low, spurring lower monthly payments
Published in Analysis, bay area, Chen Zhao, concessions, days on market, fed, federal reserve, first-time buyers, Home Buyer Leverage, home price, home sale price, housing inventory, housing market, inventory, inventory growth, Josh Felder, Lillian Dickerson, Listings, market competition, Markets & Economy, monthly mortgage payment, Mortgage, mortgage payment, mortgage rate, mortgage rates, mountain view, News Brief, Redfin, san francisco and Select
More from AnalysisMore posts in Analysis »
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- New client leads, murky waters: October’s mixed bag for real estate
More from bay areaMore posts in bay area »
More from Chen ZhaoMore posts in Chen Zhao »
- Is the mortgage lock-in effect ending? These numbers offer clues
- Homeowners are cracking under the pressure of increased costs
- South Florida luxury prices defy gravity while overall market dips
- Record $700B worth of listings on market, but sales are sluggish
- The spring sizzle fizzles: Economic jitters chill buyer demand
More from concessionsMore posts in concessions »
More from days on marketMore posts in days on market »
More from fedMore posts in fed »
- Homebuying off to strongest November start since 2022
- ‘Real estate is the sacrificial lamb of high interest rates’: Jason Oppenheim rants on the Fed
- What is the Federal Reserve, and how does it impact real estate?
- Trump asks Supreme Court to remove Fed Governor Lisa Cook
- ICYMI, all the latest on Trump, the Fed, mortgage rates and more
More from federal reserveMore posts in federal reserve »
More from first-time buyersMore posts in first-time buyers »
- How buyer affordability education makes you the go-to agent
- How to give children a voice in the real estate process
- ‘Is it cheaper to rent or buy today?’ How to answer that question
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
- Expert energy: How to become the go-to agent in any market
More from home priceMore posts in home price »
- ‘Not a shift, a transition,’ 2 reports say of homebuying market
- New sales numbers are out. These 9 charts show what’s happening where you live
- Homebuyer purchasing power rises by $40K since October rate surge
- Buyers are still fighting hard, despite costly home payments
- RE/MAX exec on shifting market: ‘Have a savings account’
More from home sale priceMore posts in home sale price »
More from housing inventoryMore posts in housing inventory »
- Discounts, lower mortgage rates give homebuyers deals this fall
- 7 low-inventory market strategies every agent should adopt in Q4
- August existing-home sales may have been lowest in a decade
- Coldwell Banker exec says current market is a ‘growth window’
- ‘Not a shift, a transition,’ 2 reports say of homebuying market
More from housing marketMore posts in housing market »
- Stop freaking out about 50-year mortgages. They might save the housing market
- The inventory surge is sputtering. See how your market stacks up
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- Recession? Membership? Blessings? Inman Top 5
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
More from inventoryMore posts in inventory »
- Price cuts and concessions: Here’s how to prepare homeowners for the reality of selling a home today
- 10 compelling reasons that your buyers should purchase now
- Pending home sales remain stuck in the mud in September
- ‘Signs of deceleration’ bedevil US home prices
- All signs point to ‘Goldilocks’ conditions for year-end home sales
More from inventory growthMore posts in inventory growth »
More from Josh FelderMore posts in Josh Felder »
More from Lillian DickersonMore posts in Lillian Dickerson »
- Redfin site fluke exposed past users’ data on listing contact forms
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- Compass targets Zillow’s warnings to agents in new brief
- Median monthly housing payments see sharpest drop in almost 1 year
More from ListingsMore posts in Listings »
- The inventory surge is sputtering. See how your market stacks up
- 3 essential AI prompts to make real estate writing easier than ever
- ‘Real estate is the sacrificial lamb of high interest rates’: Jason Oppenheim rants on the Fed
- Falling for 1st impressions: 9 ways to rake in curb appeal this fall
- Finish 2025 strong by checking these 10 to-dos off your list
More from market competitionMore posts in market competition »
- NAR fires back at Mauricio Umansky’s PLS in new legal filing
- Rethinking NAR’s speech policy, CCP, settlement: Inman Top 5
- Zillow’s clarity, Tutor’s clap back, LionDesk’s closure: Inman Top 5
- Serhant’s diss, Homes.com’s boost, Caballero’s record: Top 5
- Hoby Hanna sounds off on NAR, threatens to leave MLS: Top 5
More from Markets & EconomyMore posts in Markets & Economy »
- Leadershift: How brokers and team leaders can prepare for 2026
- Stop freaking out about 50-year mortgages. They might save the housing market
- What’s driving multifamily’s market resurgence?
- The inventory surge is sputtering. See how your market stacks up
- Homebuying off to strongest November start since 2022
More from monthly mortgage paymentMore posts in monthly mortgage payment »
More from MortgageMore posts in Mortgage »
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- How the 50-year mortgage could kill agent profitability
- Falling home prices leave nearly 1 million Americans ‘underwater’
More from mortgage paymentMore posts in mortgage payment »
- Home prices continued to climb in most US metro areas in Q4: NAR
- Housing costs force Americans earning less than $50K to sacrifice
- Buyers are still fighting hard, despite costly home payments
- Mortgage payments shoot past their 2007 highs — and at faster pace
- Zillow sharpens Rent Zestimate for homeowners
More from mortgage rateMore posts in mortgage rate »
More from mortgage ratesMore posts in mortgage rates »
- Homebuying off to strongest November start since 2022
- Veterans have been ‘priced out,’ left behind by the housing market
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Demand for mortgages cools as rates rebound from 2025 low
More from News BriefMore posts in News Brief »
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Zillow hit with new class-action suit over alleged broker kickbacks
- Real partners with MAXA Designs on agent marketing platform
- Zillow says CoStar uses litigation ‘playbook’ to ‘attack’ competitors
More from RedfinMore posts in Redfin »
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
More from san franciscoMore posts in san francisco »
- 15% of homebuyers ‘ghosted’ homesellers in September
- Zillow released its price forecast for hundreds of US markets. What will happen near you?
- Anywhere: The rise and fall of an industry giant
- Pacaso plans to launch ‘bespoke’ co-ownership mortgage in Q4
- Buyer’s market now in doubt as new listings tank 7.3%
More from SelectMore posts in Select »
- Alexander brothers denied motion to dismiss sex-trafficking charges
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Stop waiting for permission: Why leadership starts with self-trust
- Leadershift: How brokers and team leaders can prepare for 2026
Be First to Comment