Mortgage rates inched up again this week, marking the second consecutive rise. Global developments may be contributing—France's prime minister stepping down and Japan's new leadership signaling plans to print more money.
The average 30-year fixed rate hit 6.34% this week. Austin inventory and price cuts are on the rise—active listings are up nearly 14% year-over-year, and over 59% of homes on the market have had at least one price reduction.