Housing demand shockingly positive even as the Iran war continues
Housing demand rebounded last week even though the war with Iran continues and mortgage rates are higher today than before the war started.
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Housing demand holds up despite mortgage rates at yearly highs
Mortgage rates ended the week at 6.64%, purchase apps slowed to 5% YoY, inventory rose to 713,549 and mortgage spreads were about 2%.
Read MoreHousing demand still positive, but for how long with rising rates?
Rates rose above 6.25% and ended the week at 6.41% as spreads worsened while the 10-year yield neared its yearly high.
Read MoreHousing demand is up and inventory is down, even with Iran conflict
Housing indicators were broadly positive last week and mortgage rates remained in the low 6s, but the Iran war poses risks.
Read MoreHousing demand snaps back as mortgage rates near 6%
Housing demand rebounded as snow effects faded, pending sales and new listings rose, and price cuts fell 1% with rates at 6.04%.
Read MoreBrokerage leaders express optimism for 2026 housing market conditions
Delta Media’s 2026 survey finds 85% of brokerage leaders expect higher profits and 62% forsee stronger housing demand.
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