Homebuyer demand hardly budged as mortgage rates hit 2024 lows

While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week’s Fed rate cut. While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week’s Fed rate cut.