Housing Market Tracker: Mortgage rates and inventory fall together
Housing Wire
MARCH 26, 2023
Purchase applications rose for the third straight week as rates have fallen, taking back the three weeks of negative data we saw when rates rose from 5.99% to 7.10%. In my 2023 forecast, I said that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to 5.75% to 7.25% mortgage rates.
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