Housing Market Recap (excerpted from Gate House’s weekly note to clients)
Redfin reported more house hunters are returning to the market as mortgage rates and home prices continue to decline, but low inventory is hampering their searches. Banks continue to borrow from the new bank term funding program, up $10 billion last week to $64 billion while borrowing from the Fed discount window slowed to $88 billion, down $22 billion according to … Read More
