Where are mortgage rates headed?
Housing Wire
AUGUST 13, 2023
Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly active inventory grew slowly again and purchase apps were down week to week again. Weekly active listings rose by only 4,270 Mortgage rates went from 7.03% to 7.19% Purchase apps were down 3% week to week Mortgage rates and bond yields Last week we started with lower bond yields as we
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