Posted 3/7/2024, 5:14:18 PM
Mortgage Rates Dip Below 7%; Home Listings Surge to 4-Year High
- Mortgage rates dropped this week to 6.88% after nearing 7%, providing some relief for buyers
- Home listings flooded the market this week, hitting a 4-year high for inventory
- Projections suggest mortgage rates will remain around 6.8% this year, with potential to dip to 6.5%
- The uptick in new listings gives buyers more options to find homes that fit their needs
- Home prices seem to have stalled, with the median list price flat compared to last year for the first time since October 2021