Mortgage rates across the United States are currently making a difference for housing activity. Mortgage rates have been volatile, and there has been a recent uptick as well, prompting analysts to suggest that housing activity is rising as a result.
The result of increasing mortgage rates is the potential for rising activity within the housing market. This could mean the inventory of active listings being either flat or even higher than last year. Key elements of the text include:
• Volatility in mortgage rates across the U.S.
• Recent uptick in mortgage rates
• Analysis indicating rising housing activity
• Potential for inventory of active listings being flat or higher than last year.
These factors could combine to potentially lead to an uptick in housing activity. With the recent volatility in mortgage rates, potential buyers are being encouraged to act sooner rather than later in order to capture the best rates available. This could mean more households becoming homeowners and further stimulating activity within the housing market.
You can read this full article at: https://www.housingwire.com/articles/the-upside-of-8-mortgage-rates-more-inventory/(subscription required)
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