Insight
Mortgage rates are at yearly highs, with potential impacts on housing demand.
Mortgage rates are at yearly highs, but housing demand is still positive
Summary
Mortgage rates are at yearly highs, impacting housing demand. While weekly pending home sales data remains positive, rising rates above 6.64% historically slow demand. The article highlights the importance of monitoring the Iran conflict's impact on oil prices and potential rate hikes in 2027.
Key takeaway