The average 30-year fixed mortgage rate might flirt with a new 52-week low today following soft labor market reporting Current 52-week low: 6.34% Yesterday’s avg rate: 6.40%

The average 30-year fixed mortgage rate today: 6.38% Just above the 52-week low (6.34%) Spread: 259 bps

This interactive housing market map shows where sellers—or buyers—have the most power right now +70 = strong sellers market 55 to 69 = sellers market 44 to 55 = neutral market 28 to 44 = buyers market 27> = strong buyers market Chart via ResiClub resiclubanalytics.com/p/interactive-…

There are many signs of labor market weakness, but the jobless claims data remains very tame.

The average 30-year fixed mortgage rate will likely be near a new 52-week low today Current 52-week low: 6.34% Yesterday’s avg rate: 6.38%

Active U.S. housing inventory for sale, by August 2017 -> 1,325,358 📉 2018 -> 1,285,666📉 2019 -> 1,235,257 📉 2020 -> 779,558 📉 2021 -> 574,638 📉 2022 -> 726,779 📈 2023 -> 669,750 📉 2024 -> 909,344 📈

The average 30-year fixed mortgage rate today: 6.35% Just a hair above the 52-week low (6.34%) Spread: 260 bps via Mortgage News Daily

I hate this Axios: “part of the northern U.S. will lose more than three hours of daylight between June 20 (the summer solstice) and Sept. 22 (the fall equinox)”