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Search Results for: inventory

Refi Activity Jumps to Nine-Month High

...for-sale inventory remains a challenge for many homebuyers. Refinance activity jumped 10% to its highest levels since September 2022, although there is only a small pool of borrowers who can...

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Rate Lock Volumes Take a Hit

...homebuyers waiting on the sidelines for more favorable rates before locking.” “We saw a similar phenomenon on the rate dips in March. Inventory challenges are surely playing a role as...

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Cracks in the Foundation?

...not result in a spike in sales, as NAR reported the market was still hamstrung by inventory concerns. Total housing inventory registered at the end of March 2023 was 980,000...

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30-Year Mortgage Stands at 6.39%

...with prices and rates so high and inventory so low, she couldn’t find another home she could afford. She wouldn’t even qualify to buy her own home anymore.” The number...

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