Is it here? Mortgage Rates Inch Backward | David Reed Mortgage Rates Inch Backward – David Reed

Mortgage rates have mostly drifted sideways this summer. This stability is much needed for home sales, which have crested because of the multi-year run up in prices, tight affordable inventory and this year’s higher rates. Going forward, the strong economy will support the housing market, but with affordability pressures mounting, further spikes in mortgage rates will lead to continued softening in home price growth.