Average mortgage rates have risen slightly over the past week, but remain lower compared to last year. The number of applications to purchase homes has increased by more than 20%, thanks to moderate rate reductions and a growing supply of properties.
Average mortgage rates have risen slightly over the past week, but remain below last year's levels. The market is showing gradual improvement, with an increasing number of applications for both home purchases and refinancing.
The housing shortage in the United States is projected to reach 4.03 million homes by 2025, driven by a growing number of households and a slowdown in new construction. This situation is causing home prices to rise and making housing less affordable, especially for young buyers.