A path to sub-7% mortgage rates is back on the table
As rates have fallen, housing demand has stabilized the last two weeks
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As rates have fallen, housing demand has stabilized the last two weeks
Rates fell toward 7.30% as the 10-year yield dipped below 5% in a wild week for the bond market
A path back below 7% exists, but spreads and geopolitics still matter
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
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