The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on prices.
Source: Inman News
Why homebuyers aren’t taking advantage of drop in mortgage rates
Published in 30-year fixed mortgage rate, fannie mae, home prices, home sales, Markets & Economy, Mortgage, mortgage rates, mortgage refinancing, new home sales and Select
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