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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.

Listen in to learn about this and more!

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