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Mortgage Rates Hit 7%. What’s Next for the Housing Market?
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YouTubeThe Wall Street Journal
Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total #mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Read more at the #linkinbio or the link on screen.
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Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total #mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Read more at the #linkinbio or the link on screen.
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TikTokjenniferchristinee
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The average rate on the popular 30-year fixed #mortgage crossed over 7% on Thursday for the first time since May 2025, hitting 7.07%, according to Mortgage News Daily. Read more at the #linkinbio or the link on screen. #CNBC
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You've been told you need a 30-year mortgage to have a home. Wrong. A shipping container home can be built for a fraction of the cost, assembled in weeks instead of months, and designed exactly the way you want. Want a rooftop deck? Done. Floor-to-ceiling windows? Easy. Solar panels and rainwater collection? Absolutely. Stop paying rent to someone else's dream and start building your own. #ContainerLiving #TinyHomeMovement #DIYHome #AlternativeLiving #HomeOwnership
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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. #pbsnews #pbsnewshour #mortgage #housing #pbs
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Low credit scores and getting a mortgage #mortgage #mortgagebroker #badcredit #firsttimebuyer #mortgageuk
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