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As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market - TL;DR CNBC

As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market

Publishing timestamp: 2024-04-29 15:28:13


Summary

The 30-year fixed rate mortgage rose to 7.17% for the week ended April 25, causing concern for buyers and sellers in the housing market. Experts predict rates will continue to fluctuate, with the first rate cut possibly in July. Despite the high rates, some buyers are adjusting and sales are expected to increase towards the end of May and early June.


Sentiment: NEUTRAL

Tickers: ZG

Keywords: investment strategyeconomic eventsbusiness newsbreaking news: investingunited stateszillow group incmortgageshousingpersonal financeinterest ratesreal estate

Source: https://www.cnbc.com/2024/04/29/how-mortgage-rates-have-influenced-the-spring-housing-market.html


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