Mortgage rates came down again last week, but mortgage demand from homebuyers continued to decline, as high home prices and inflation stretch affordability. CNBC had it since yesterday.
This is one newsroom’s account so far. The claim stays inside what CNBC actually reported.
For buyers and sellers in New York, Miami, and Tampa, “Mortgage rates drop for the third straight” is the fact to set next to the comps. Read the original before anyone turns it into a pricing opinion. It belongs in the conversation about a specific building or neighborhood, not as a script for a listing appointment.
What is still open is whether “Mortgage rates drop for the third straight” changes a showing or an offer this week, or whether the story is already old by the time the comps are pulled.
More from Sarah Cotty: buying a home, selling a home, and the market journal.