Mortgage Rates Moderate - Buyer Demand Rising? Prices?

The Average Sale Price was up another 3% compared to the previous week, and landed about 5% Higher compared to last year's numbers.  I'm still expecting to see some downward pressure on sale prices over the next 2 to 3 weeks as deals from April (when mortgage rates were ranging from 7% to 8%) conclude.   
Mortgage held rates at around 6.625% - 6.75% (best case scenario) for the 2nd week.  The yield on the 10-Year Treasury inched higher, indicating that mortgage rates may follow suit. 
Buyer Demand Surged 18% over the previous week.  Lockbox opens (a measure of high-intent buyers looking at homes with their agents) are still lagging behind last year's numbers - by about 17% this past week.  So, we're seeing fewer showings but with more serious buyers.

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