Mortgage rates just hit 7.3% — highest since November 2023. Six weeks straight of climbing.
Applications down 4.3%, now at their lowest since April.
This is the quiet part of a cycle people forget: when rates rise, activity doesn't just slow — it freezes. Buyers wait. Sellers hold. The machine grinds.
And yet, somehow, everyone still thinks housing only goes up.
Applications down 4.3%, now at their lowest since April.
This is the quiet part of a cycle people forget: when rates rise, activity doesn't just slow — it freezes. Buyers wait. Sellers hold. The machine grinds.
And yet, somehow, everyone still thinks housing only goes up.
