As Rates Slide, Supply Takes a Dip

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about inventory dropping due to rates rumoring to come down. Generally, this time of year purchase applications decline, but that's not happening now with decreasing rates. Housing Wire's article: "Housing inventory falls as mortgage rates drop" discusses the inverse relationship between demand and inventory. With rates coming down in the midst of a housing shortage, home prices will continue to climb. Thankfully inventory up, but we need more houses to make the market healthy. This year buying season could be extended, with more listings coming on the market when rates come down -- which is exactly what this market needs to help keep prices from rising.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.