HousingWire Weekly Tracker: Mortgage Rates Fall for a Third Week as Demand Steadies and Inventory Dips to 902,740
Mortgage rates fell for a third straight week and housing demand has stabilized — though not yet grown — according to HousingWire's weekly housing market tracker published on the evening of November 7. Weekly pending sales came in at 51,764 homes, down from 59,164 a year earlier, while purchase applications edged lower week to week and also showed signs of stabilizing.
Total inventory fell from 914,833 to 902,740 homes in the week from October 30 to November 6, with inventory growth running at 7.18% year over year. New listings totaled 54,479, slightly below 55,486 a year earlier, and 43% of listings carried a price cut, up from 42% a year ago.
Mortgage spreads widened to 2.27% from 2.23% a week earlier, leaving mortgage rates at about 7.17%. HousingWire calculates that rates would be near 6.72% if spreads returned to their 2026 lows, but cautions that the 10-year Treasury yield needs to break below 4.70% with follow-through buying before mortgage rates can fall meaningfully; a key 5.35% level on the 10-year has held since early October.
The week ahead brings the October consumer price index (CPI) and producer price index (PPI) inflation reports, along with a series of Federal Reserve speeches that could move the bond market.
(Source: HousingWire)
Source: HousingWire
Published by GSM · USA (original Chinese edition)
Photo: 美国威斯康星州 Holmen 住宅区航拍。（CC0，Wikideas1 摄，经 Wikimedia Commons）
