Mindy Harris- Realtor

Inventory Is Up — But High Rates Continue to Drag On the Market
May 23, 2025
Existing home sales slid in April — and the return of 7% mortgage rates isn’t helping the depressed spring buying season.

Key points:
Home sales dropped last month as economic uncertainty and high mortgage rates continued weighing on potential buyers.
Mortgage rates are ticking back up amid growing concerns about the rising U.S. debt and the country’s recent credit downgrade.
Inventory continues to rise, meaning that those who are ready to buy have more options to pick from.
Economic signals continue pointing to a slow spring for the housing market as elevated mortgage rates keep pent-up demand in limbo.

Though mortgage rates had plateaued in recent weeks following a surge in early April, the 30-year fixed-rate mortgage jumped again to top 7% after Moody’s announced on May 16 that it was downgrading the U.S.’s credit rating.

Are u looking for a Realtor?
I can help with buying your new home or selling your old one.

Call me 469-316-8087
Mindy Harris-Realtor

Everyone is curious about this!
What is today's interest rate?
Learn more: Weekly mortgage rate trend predictions
Product Interest Rate APR
30-Year Fixed Rate 6.99% 7.04%
20-Year Fixed Rate 6.75% 6.80%
15-Year Fixed Rate 6.25% 6.33%
10-Year Fixed Rate 6.05% 6.11%

If you are looking for your new home or want to sell your property
Contact me today 469-316-8087
Mindy Harris-Realtor

Do you have a house that needs work?
I can sell as is for you.
Please let me know if I can help you.
Mindy Harris-Realtor
Exit Realty Pinnacle Group
469-316-8087

Call me today to list your home
Mindy Harris-Realtor
Exit Realty Pinnacle Group
469-316-8087

I love getting reviews from my clients

Closed & Got top dollar for my clients home that needed many repairs. Did you know I can sell your home as is any condition. If you have a home that needs work or doesnt give me a call today

Mindy with Exit Realty Pinnacle Group