What Will Lower Mortgage Rates do to Spring Housing Inventory?

HousingWire, November 25, 2023–Logan Mohtashami
Now that mortgage rates have fallen from a bit over 8% toward 7.32%, we can see the immediate impact as purchase application data was positive for the third straight week. Last week, it was up 4%, making the year-to-date count 21 positive prints versus 23 negative prints and one flat week.
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