Housing Market Tracker: Inventory drops as mortgage rates move higher
Housing Wire
FEBRUARY 13, 2023
The 10-year yield jumped aggressively, continuing the decisive move from jobs Friday, and mortgage rates have moved from the recent lows of 5.99% back to 6.50%. Unlike the COVID-19 recovery, which was fast and sharp, we are now dealing with a much different backdrop. This means buyers have more say now in the home-buying process.
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