Have mortgage rates peaked for this cycle?
Housing Wire
NOVEMBER 4, 2023
The 10-year yield hit a high of 4.93% after hours on Halloween, then dropped as low as 4.48% on Friday. It looks like I will bat a whopping 0 in 2023 for my higher rates inventory growth level forecast. When mortgage rates rise and demand decreases, the percentage of homes with price cuts can grow.
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