Reported 24 days ago
Recent trends in housing data show that falling mortgage rates, which began in mid-June, have positively impacted homebuyer demand. The latest purchase application data indicates a significant increase in positive print numbers compared to the beginning of the year, suggesting that reduced rates are stirring market activity. New home sales are experiencing more significant gains than existing home sales, and while inventory levels are adjusting to the new rates, the overall outlook suggests that lower mortgage rates may continue to attract buyers.
Source: YAHOO