Is it here? Mortgage Rates Drop | David Reed Mortgage Rates Drop – David Reed

June 27, 2019
While the industrial and trade related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already being felt in the housing market. Through late June, home purchase applications improved by five percentage points compared to the previous month. In the near-term, we expect the housing market to continue to improve from both a sales and price perspective.

Information provided by Freddie Mac.