Lower mortgage rates, higher inventory increase mortgage demand – HousingWire
Lower mortgage rates, higher inventory increase mortgage demand HousingWire
Lower mortgage rates, higher inventory increase mortgage demand HousingWire
A recent drop in mortgage rates and the uptick in home inventory has led to optimism in the air for the mortgage industry.
In this week’s Housing Market Tracker, Lead Analyst Logan Mohtashami shows how total inventory could break under 1 million.
The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump according to Freddie Mac.
The post Mortgage rates climb higher to 2.97% appeared first on HousingWire.
Monday data from the Mortgage Bankers Association reported the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week.
The post Forbearance rate slowly descends to 5.35% appeared first on HousingWire.