Mortgage Rates Hit Record Low, Igniting Housing Market
TL;DR
Declining mortgage rates are enticing sellers to list their homes, leading to an increase in new listings and consultations with Redfin agents. The housing market, which had been stagnant in 2023, is showing signs of thawing as sales are expected to rise after the holiday season. Despite a decrease in mortgage-purchase applications, buyers are showing interest in lower rates, and economists predict a surge in activity in the new year.
- Housing Market Update: Declining Mortgage Rates Lure Sellers Off Sidelines, Paving the Way For 2024 Buyers Redfin News
- Buyers are tuned out, despite mortgage rates hitting lowest point since June Yahoo Finance
- Housing Heats Back Up - WSJ The Wall Street Journal
- Americans Are Seeing Their Mortgages Drop Newsweek
- Mortgage rate for a typical home loan falls to 6.8% — lowest since June CBS News
Want the full story? Read the original reporting
Read on Redfin News