Buyers May Have Accepted a New Norm on Rates
Affordability headwinds persist as the 30-year fixed-rate mortgage rises again, yet the stream of mortgage applicants remains stronger than in 2024.
Consumer Sentiment Inches Up
Consumer sentiment rose slightly to its highest point in five months. Despite easing inflation expectations, economic concerns remain elevated.
Builder Confidence Edges Up in July
Builders remained cautious as elevated interest rates and affordability challenges continued in July. Buyer traffic fell to its lowest level since 2022.