What the numbers actually say, once the headlines are set aside.
The change has been coming for a while, but it only became obvious this year.
Where the confusion starts
Most of the confusion comes from two terms that sound alike and mean different things. Nobody is required to explain this to you, which is half the problem.
Where to go from here
The exceptions matter more than the rule, and there are three of them. The figures move about, but the direction has been the same for three years.
The short answer: check the date, then check the figure, then decide.
You Might Also Like
Mortgage Demand Falls Despite Lower Rates at 7.3%
Mortgage applications dipped slightly as rates decreased, while ARMs gained popularity among buyers.
Mortgage Rates Rise Over 7%: Tips to Reduce Your Monthly Payments
With mortgage rates exceeding 7%, discover effective strategies to lower your payments and ease your financial burden.
Impact of Midterm Elections on Mortgage Rates and Housing Market
Explore how the midterm elections could influence mortgage rates and the housing market's dynamics.