Mortgage activity has softened slightly as rates move up and down, but make no mistake—buyers are still very much in the game.
Recent data from the Mortgage Bankers Association shows mortgage applications dipped last week, largely due to a slowdown in refinancing as rates ticked up. Purchase activity also eased slightly. That said, this short-term pause doesn’t tell the full story.
Even with minor weekly fluctuations, mortgage rates remain near three-year lows. Daily rates have been trending downward overall, and that has kept buyer interest strong compared to last year. In fact, refinance activity is still up more than 150% from this time last year, and purchase applications are up nearly 20%. Average loan amounts are also at their highest levels since last fall—another sign that buyers are actively moving forward.
For buyers, this means opportunity. Rates are still favorable, competition is real, and serious buyers are positioning themselves now rather than waiting on the sidelines.
For sellers, this is encouraging news. Motivated, qualified buyers are in the market, watching rates closely, and ready to act when the right home becomes available. Proper pricing and strategic marketing remain key to capturing that demand.
This week’s Federal Reserve announcement could create more short-term rate movement, but the bigger picture remains clear: the 2026 housing market is active, and well-prepared buyers and sellers can benefit.
Thinking about buying or selling?
Let’s talk strategy. Whether you want to lock in today’s rates, price your home correctly, or understand how these shifts affect your specific neighborhood, I’m here to guide you every step of the way. 📞🏡
