jhorrocks
- Mortgage rates eased for the first time in five weeks, Freddie Mac said Thursday.
- At the same time, newly listed homes climbed 13% year-over-year in the four weeks to March 3.
- Easing affordability and improving inventory suggests a gradual thawing of the market.
The US housing market has been mostly frozen since the pandemic boom, but fresh data out Thursday suggests signs of a spring thaw.
Freddie Mac reported that rates on the most popular home loan fell for the first time in five weeks to hit 6.88%, down from 6.94% the prior week. At the same time, the number of newly listed homes in the four weeks to March 3 spiked 13% compared to one year ago.