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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

“My expectation is that if rates stay higher in the sixes or sevens for a few years, over that time, we will get a bit more inventory each year and we’ll work our way back to normal.” Inventory is higher than it was last year, but we are working from all-time lows.

Agents 397
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Real estate agents wonder if inventory levels will ever return to ‘normal’

Real Trends

“My expectation is that if rates stay higher in the sixes or sevens for a few years, over that time, we will get a bit more inventory each year and we’ll work our way back to normal.” Inventory is higher than it was last year, but we are working from all-time lows.

Agents 104
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Mortgage Rate Drop Creates a Homebuying Window, but How Long Will It Last?

Realtor.com

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? The average interest rate for a 30-year fixed-rate home loan fell to 6.09% for the week ending Feb. 2, according to Freddie Mac.

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These Sales Tell Tales!

Toronto Realty Blog

I’m looking at one now that’s coming onto the market on Thursday as well as one that was on the market last year and did not sell. I currently have a five-year, fixed-rate mortgage approved at 1.30%. That is a little more than one-quarter of my first mortgage rate back in 2005.

Sales 69
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Mortgage Rates Just Hit a 4-Month Low, but Do Homebuyers Even Notice—or Care?

Realtor.com

Getty Images Mortgage rates are down again this week, which means things are looking up for homebuyers. The average rate for a 30-year fixed-rate mortgage ticked down 2 basis points to 6.13%, according to Freddie Mac , continuing a pattern of rates seesawing lower since topping 7% in the fall.

Mortgages 118
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How Long Should a House Sit on the Market Before Selling?

HomeLight

We also did some digging to find out the average number of days houses are staying on the market, why, and what can be done to shorten that time. The DOM (days on market) factor. DOM can signal market liquidity. In a buyer’s market where inventory exceeds demand , days on market are expected to increase.