As a outcome, potential house sellers could additionally be less incentivized to give up their ultra-low mortgage rate for a higher one on one other residence, prompting them to remain put in their present homes. The greatest housing story in 2024 is that inventory is rising — both energetic inventory and new listings. With mortgage ratesat the current ranges, stock continues to be under my expectations, however it’s nonetheless such a optimistic story that I needed to talk about it onCNBClast week. As we head into April, let’s see the place we’re at on the Inventory aspect as are officially into spring. It’s the seventh straight week of declines for mortgage rates and the first time they’ve dipped under 7% since August.
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