– Inventory levels in the housing market are on the rise
– Mortgage rates are still above 7%
Despite mortgage rates remaining above 7%, inventory levels in the housing market continue to increase. This trend suggests a potential shift in the market as more homes become available for buyers to choose from. However, the high mortgage rates may pose a challenge for potential homebuyers looking to secure financing for their purchase. As a mortgage industry expert, it will be important to closely monitor these developments and assess how they may impact the overall housing market in the coming months.
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-stabilize-prior-to-feds-meeting/(subscription required)
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