Tight lending standards have prevented many sellers from listing their homes because they don’t qualify for the trade up, holding supply off the market, says Jonathan Miller, president and CEO of Miller Samuel Inc.
Tight lending standards have prevented many sellers from listing their homes because they don’t qualify for the trade up, holding supply off the market, says Jonathan Miller, president and CEO of Miller Samuel Inc.
The 10-year yield is 4.43% and mortgage rates are 6.58%, with Fed week and inflation data setting the next move.