Mortgage Rates Improve!
As usual, Jim provides a great overview of factors impacting home interest rates and reports on lastest sales data that I typically may have shared but is in context of the data shared here.
You will note that there is a "battle" between factors that improve interest rates and those that hurt interest rates. On the hurt interest rate side, strengthening inflation and improved job market. On the improve interest rates, poor retail sales and money flowing from stocks to bonds, including mortgage bonds!
Yet this comment is the most important to home buyers and home sellers:
The bottom line is that now remains a great time to consider a home purchase or refinance. Home loan rates remain attractive compared to historical levels, and they're at some of the best levels seen this year.
Yet you can't assume, with reasonable safety, that rates won't start to climb! Thus, it truly is a great time to purchase a home or to refinance/sell a home.
The window could be closing!