📉🏡 Mortgage Rates Drop Below Seven Percent | May 23, 2024
Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month. Although this week’s data on previously owned home sales showed a decline, total inventory of both new and existing homes is up. Greater supply coupled with the recent downward trend in rates is an encouraging sign for the housing market.
☎#callniecie to find out how the increase in rates can affect your home search
