Insight
Last week's mortgage spreads were 1.94%, down from 1.97% the previous week. Historically, spreads range from 1.60% to 1.80%.
Home sales are positive but higher rates slowing demand
Summary
US housing demand shows signs of slowing despite positive year-over-year growth, primarily due to rising mortgage rates. Hosts should monitor market shifts and potential impacts on occupancy and pricing.
Key takeaway