Mortgage applications increased last week despite higher interest rates, with purchase activity rising 6% from the previous week. This trend indicates that buyers are responding positively to an increase in home inventory across many markets, which is crucial for developers and tech professionals tracking real estate market dynamics. Expect mortgage rates to remain elevated as ongoing geopolitical tensions continue to impact global oil prices and inflation levels.
Read the full article at Realtor.com Blog
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Ali NematiWritten by Ali
