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Does it matter that the mortgage rate dropped by 0.08%?

It does if the left-most number changed, research shows. And this week, the mortgage rate went from 7.03% to 6.95%.

North carolinaUnited statesSimon blanchardDaryl fairweatherSheryl merrittFreddie mac

Low housing inventory means there are financial incentives to build

But one economist warns it’ll “take decades of building, not just one good year, for the market to come back into a healthy place.”

United statesWake countyNorth carolinaLawrence yunDaryl fairweatherSheryl merrittNational association of realtorsNational association

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