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Zillow Research

Midweek Price Cuts Offer Black Friday Bargains for Home Shoppers

With Black Friday coming up, shoppers of all kinds have their eyes peeled for great deals – including home shoppers. While the housing market rebalances, home shoppers who are able to afford today’s market may be wondering when the best time is to look for a discount on their dream home. As the share of listings with a price cut reaches new heights, now may be the best time to find that deal on a house you love.

Mortgage Rates Up Slightly Despite Midterms and Job Figures

Mortgage rates were up slightly this week, holding firm near 20-year highs after an eventful seven days filled with key monetary policy, economic and political updates. After rising strongly in response to comments from the Federal Reserve indicating that more rate hikes and policy tightening were likely in the coming months, mortgage rates had a muted reaction to the October jobs figures, which showcased a resilient, but softening labor market.

Mortgage Rates Reverse as Investors Expect Moderation

Mortgage rates fell this week, touching 20-year highs before retreating considerably in recent days. The sharp reversal over the past few trading sessions – a rarity these days – suggests that investors may finally be expecting some moderation in the Fed’s pace of monetary policy tightening and some softening in key economic data releases – the two factors that have combined to push rates firmly higher this year.