Have mortgage rates peaked, or will we see even more chaos?
The month of October still has plenty of variables that can be a problem for rates
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The month of October still has plenty of variables that can be a problem for rates
Mortgage rates are at 7.57% and demand softened more last week
Rising prices alongside weaker sales and closed listing ecosystems are reducing consumer visibility and competition
Rates near 7.5% plus volatility delivered a clear hit to weekly demand
Mortgage spreads, the Iran conflict and the economy are key
Mortgage spreads continue to soften the blow amid Iran conflict
Last week’s data was really impacted by comparisons to Labor Day weekend in 2025
New listings data is still positive year-over-year
They have levers to pull, but not before some issues get resolved