Reported 3 days ago
Mortgage rates have decreased significantly to a 10-month low of 6.55% as inventory levels of homes for sale rise, although the economic uncertainty following a poor jobs report is shifting buyer focus from affordability to inflation concerns driven by tariffs. A recent survey indicates a slowdown in demand within the housing market, with buyers hesitating in their searches. While lower rates could ease financing for many, experts warn that tariffs could reverse the current downward trend in mortgage rates, as increased costs may further squeeze buyer affordability and reduce market confidence.
Source: YAHOO