Photo: Daniel Barnes / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Mortgage rates pulled back a little. Housing demand stopped falling, for now. That's the read from HousingWire's weekly housing tracker, published Oct. 24 by lead analyst Logan Mohtashami. Rates peaked near 7.60% and then eased toward 7.30%, and the 10-year Treasury yield dipped below 5%. The pullback was enough to stop the slide in demand. It wasn't enough to bring buyers back to…
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Housing Demand Finally Stopped Falling. Contracts Are Still 22% Below Last Year.
Housing demand stopped falling as mortgage rates eased, but weekly pending sales remain about 22% below last year and inventory continues to rise.
