The mortgage industry is experiencing a shift as lower rates begin to have a significant impact on housing data. One notable development is the emergence of a positive trend in purchase applications, marking a 14-week streak of increases. This trend suggests a boost in housing market activity, potentially indicating a more robust real estate landscape in the near future.
Key points:
– Lower mortgage rates are influencing housing data
– Positive trend in purchase applications for 14 consecutive weeks
– Indicates a potential increase in housing market activity
– Suggests a more robust real estate landscape ahead.
You can read this full article at: https://www.housingwire.com/articles/lower-mortgage-rates-attracting-more-homebuyers/(subscription required)
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