TODAY’S RATES & HOUSING NEWS
Mortgage interest rates are very close to the same levels as last week.
With all the volatile events in June, interest rate volatility has actually been quite boring.
See Mortgage Backed Security (MBS) chart below and how the trading has been in a fixed range on the right, compared to much more volatility in May and April.
Below is Green Home Loans rate sheet today.
Along with Mortgage News Daily average rate across the country.
HOUSING INVENTORY REMAINS LOW
New housing inventory (homes coming on the market) is down 22.7% from 1 year ago.
Homes are sitting on the market a bit longer right now so active listings are higher, but home listings coming on the market are substantially lower. Although demand for buying a home is down, low supply has helped stabilize home prices.