- Prior was 33
- Current sales 36 vs 39
- Next six months 35 vs 31
- Prospective buyers 20 vs 20
A 30-year fixed is down to 6.31% from a peak of 7.08%, according to Freddie Mac so that might start to draw in some buyers, though they'll be longing for the sub-3% rates from 2021 for generations.
In the bigger picture, there's a bit of a standoff between buyers and sellers with transactions falling dramatically. The longer rates stay higher, the more the pressure ramps up on the sellers.
