Rates for home loans ticked up slightly but look like they could fall in the coming weeks so investors are preparing for a slower-growth economy.
The 15-year fixed-rate mortgage averaged 3.89%, also up.
This is in the wake of the Federal Reserve’s recent decision to stand pat on interest rate increases.
That’s certainly a boon for house-hunters. Yet the same housing headwinds that battered the market in 2018 remain. The limited supply of properties are affecting prices demanded by most Americans.
Show Prep Source: https://www.freddiemac.com/pmms/index.html?intcmp=CWS-HP