Posted 1/18/2024, 1:08:18 PM
Mortgage Rates Steady Around 6.5%, Sparking Renewed Buyer Interest As Housing Market Picks Up After Holidays
- Mortgage rates holding steady around 6.5%, down from 8% in October, making homes more affordable
- Buyer demand and new listings picking up at start of 2024 after holidays passed
- Activity would likely be stronger if not for severe winter weather across much of the country
- Buyers feeling more confident and first-timers jumping in as rents keep rising
- Indicators show mortgage applications up 8-9% and new listings up 8% year-over-year