Housing market latest: Mortgage rates hold, home listings surge

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Housing market latest: Mortgage rates hold, home listings surge

Mortgage rates remained flat this week, while home listings increased to their highest level since 2019.The average 30-year fixed-rate mortgage (FRM) held at 6.76 percent, according to the latest Mortgage Market Survey from the Federal Home Loan Mortgage Corporation (Freddie Mac). This marks a decrease from the 7.09 percent 30-year FRM this time last year. The 15-year FRM dropped to 5.89 percent from 5.92 percent last week 6.38 percent a year ago.Housing inventory, meanwhile, surged to 31.1 percent year-over year last week, according to Realtor.com's housing trends report, marking a six-year high.While modest rates and an increase in for-sale houses ..