The Most Stable Mortgage Rates Since 2021

 

 

The Most Stable Mortgage Rates Since 2021

 

The Most Stable Mortgage Rate Trend Since 2021 There are those who always try to portray the glass as being half full when it comes to the housing market. Before proceeding, a disclaimer is in order.   Outright measurements of housing market health are still not that great. As we've discussed at length in the past few weeks, rates are indeed much improved from 3-4 months ago. But the level of improvement is perhaps not even the most welcome change. Rather, it's the STABILITY. With a range of just over half a percent for more than 3 months, rates haven't seen a narrower, more stable range since late 2021. Interestingly enough, this combination of lower and more stable rates PERFECTLY coincides with a noticeable shift in purchase mortgage applications.