Insight
Purchase application demand for homes remains 3% higher than a year ago, according to the Mortgage Bankers Association (MBA), despite borrower sensitivity to higher rates.
Mortgage rates move near 6.8% as the potential for a Fed hike grows
Summary
Mortgage rates are approaching 6.8%, with a shift towards potential Fed rate hikes in late 2026. This impacts housing demand and refinancing opportunities. Experts predict at least one hike, with CME Group data showing increasing trader expectations.
Key takeaway