After gradually improving, mortgage interest rates reacted to unpredictable stock market movements by increasing by 25 basis points earlier this week.
Last week's rate drop encouraged would-be buyers to view homes, building hopes that the spring real estate market would improve. However, recently announced tariffs and the resulting stock market dive have affected consumers across the board.
Homebuyers are now more concerned with the state of the economy and employment than they are with rates, even as inventory numbers continue to improve.
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