Mortgage rates fall as energy prices expected to ease; home delistings hit six-year high

Key facts

• Mortgage rates have decreased.
• Anticipated lower energy prices are a contributing factor to the rate decrease.
• The number of homes being delisted has reached a six-year high.

Mortgage rates have seen a decline, influenced by expectations of easing energy prices. This shift in the housing market is occurring concurrently with a significant increase in home delistings, which have now reached their highest level in six years. This suggests a potential cooling or adjustment in the housing market, with sellers reconsidering their listing strategies.