Housing market may be thawing as rates dip and listings inch higher

The housing market may be thawing due to recent changes in mortgage rates and the amount of listings available. In the months of July and August, mortgage rates have dropped from a high of 4.31 percent in June to a low of 3.75 percent in August. This drop has resulted in more home buyers entering the market and encouraged existing homeowners to refinance their mortgages. The number of listings for existing homes in the United State edged higher by 1.5 percent in June from the previous month. This increase in listings have generally paralleled the recent decrease in mortgage rates and has resulted in increased buyer confidence and more activity in the housing market. It appears that the housing market is slowly beginning to thaw and that more buyers areseeing the opportunities to buy homes.