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Lower mortgage rates are spurring housing demand

Housing Wire

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. In fact, if mortgage rates head toward 6%, we will have a positive year here. Last year, we saw mortgage rates increase from 6.63% to about 7.50%, leading to challenges in the purchase application data.

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How are mortgage rates affecting housing demand?

Housing Wire

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

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Mortgage rates fall as markets calm down

Housing Wire

Over the weekend, fears rose that the 10-year yield would climb to 5%, leading to 8% mortgage rates. Remarkably, mortgage rates have dipped below 7% once more. Remarkably, mortgage rates have dipped below 7% once more. However, Monday morning arrived with a sense of calm. So what happened to calm the markets?

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Tariff news sends mortgage rates to the lowest level of 2025

Housing Wire

Mortgage rates have reached the lowest levels of the year today as the 10-year yield dropped significantly on tariff news. Mortgage rates have reached their low point of the year. With just one day remaining, I will be recording the latest episode of the HousingWire Daily podcast to share my insights on tariffs and mortgage rates.

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Rising mortgage rates zap builder confidence

Housing Wire

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% This is 15.8 percent (14.4

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Lower mortgage rates spark housing demand heading into spring

Housing Wire

Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. But when it seemed doom and gloom would prevail, the 10-year yield dropped, pulling mortgage rates lower in a lovely slow dance.

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Mortgage rates fall after remarks by Fed President Waller

Housing Wire

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. It’s not booming. It’s not falling.”

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