What’s Really Happening in Housing Right Now
Even with mortgage rates climbing to 6.98%—the highest since January—buyer demand remains strong. Mortgage applications are up, driven by increased housing inventory. While refinance activity dropped slightly, it still outpaces last year. Inflation is cooling, nearing the Fed’s target, but global trade tensions keep the outlook uncertain. Meanwhile, a record gap between sellers and buyers could push home prices down, opening doors for new buyers.



