Housing Market Could Be Headed for a Change

April's dip in inflation could help reduce mortgage rates which have struggled under the highest borrowing costs for more than two-decades.The annual rate of rising prices cooled month-on-month to 3.4 percent in April from 3.5 percent in March. And this slight lowering could shape the trajectory of mortgage rates which have been trending upward over the last few weeks.

08 percent, the lowest level since early April,' Joel Kan, the MBA's deputy chief economist, said in a statement shared with Newsweek. Housing economists suggested that April's inflation reading could indicate that prices are back on the path down toward the Fed's 2 percent target, which in turn could lead to a decline in mortgage rates going forward.'To see mortgage rates dip below 7 , we'll need to see inflation back on the path to 2 .

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Utah’s housing market ‘demoralizing and depressing’ for potential buyersUtahns told The Tribune they're frustrated after searching for a home to buy and finding they don't make enough to own a home without breaking the bank. Some are even considering leaving the state.
Source: sltrib - 🏆 316. / 61 Read more »

Austin Housing Market Interest for Second Homes CollapsesThis was partly due to the drop in Americans moving to the city, according to Redfin.
Source: Newsweek - 🏆 468. / 52 Read more »

Skyrocketing home insurance rates, loss of coverage roil Colorado’s strained housing marketColoradans looking to buy homes or simply hold onto their property face a barrage of challenges: a white-hot real estate market; high interest rates; soaring property taxes. You can add surging hom…
Source: denverpost - 🏆 13. / 72 Read more »