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July Housing Squeeze Fueled By Inventory Decline

Housing market struggles continue this summer as inventories and home prices slide, mortgage rates rise, new survey shows. Multiple aspects of the housing market are closing in to create a squeeze. Recent data from Realtor.com’s latest Monthly Housing Trends Report shows a number of factors in combination are causing the pressure. Median housing prices are on a subtle downward trend.Houses are sitting on the market for longer.Housing inventory dropped while average mortgage rates climbed to almo ....

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Rightmove weekly tracker shows rising rates – Mortgage Strategy

Not surprisingly given the activity in the mortgage market in recent days, Rightmove’s weekly mortgage tracker shows a noticeable increase in average rates for the week to June 6. For an 85% LTV five year fixed rate mortgage the average rate is up to 5.02% from 4.55% last week, There is an increased average rate for ....

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