Following consecutive quarters of stabilizing inflation, major central banks have held benchmark interest rates steady this month, providing a highly anticipated floor for global mortgage markets.
The stabilization has injected instant confidence back into the spring buying season. Sidelined homebuyers are aggressively returning to the market to lock in fixed rates before competition drives home valuations higher.
While inventory remains tightly constrained, brokerage firms report a massive 25% spike in mortgage pre-approvals, signaling a competitive, high-volume summer for residential sales.
