Fannie Mae: Home Prices Grew Nearly 5% YOY
Home Price Index shows prices grew 4.7% annually from Q1 2022 to Q1 2023.
Home Price Index shows prices grew 4.7% annually from Q1 2022 to Q1 2023.
MBA's Market Composite Index increased 5.3% on a seasonally adjusted basis.
NAR economist sees 'a clear possibility' of rates falling below 6% by year's end.
The 30-year mortgage dropped to 6.32%, lowest since mid-February.
The MBA's Market Composite Index increased 2.9% on a seasonally adjusted basis.
Increase came as mortgage rates decreased for the second week in a row.
Relatively high mortgage rates kept new listings at record low in February, frustrating buyers.