mortgage rates

The increase could be partially due to rising unemployment and stalling job creation.

But that’s a sign of a weakening economy.

The number of households that are homeowners in the U.S. has fallen, ever so slightly, by 0.1% year on year. Still, today’s homeownership rate of 65% is par for the course. 

“A lot of that information on what the Fed is going to do in September is already priced in” to current mortgage rates, said Zillow economist Kara Ng.

New data underscores the “resilience” of first-time homebuyers.

Home sales climbed by 2% in July, according to the National Association of Realtors, but prices remain high.

Mortgage rates have ticked down, but not enough.

According to the Mortgage Bankers Association, the number of ARM applications jumped 25% last week, to their highest level in three years.

New research suggests people are getting used to high prices and mortgage rates.

The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.