Mortgage rates have gone wild, so what's next for housing?
Mortgage rates have swung more than two full percentage points in the span of about 18 months. That's not normal volatility. That's a market that can't
Arizona market guides & analysis by Paul Howe
36 guides on Mortgage
Mortgage rates have swung more than two full percentage points in the span of about 18 months. That's not normal volatility. That's a market that can't
A lot of homeowners don't know these programs exist until they're already 60 days behind. That's the gap I want to close with this guide. Mortgage relief
Median down payments in the US just hit their highest level on record. The typical homebuyer is now putting down roughly $67,500 — about 18.6% of the
Mortgage rates don't move in a straight line, but sometimes the bond market gets a jolt that sends them lurching upward in a matter of days. That's
Homebuilder sentiment just dropped to its lowest point in a year, and if you're shopping for new construction in the Phoenix metro, this matters more than
The 30-year fixed mortgage rate just hit 6.95% — an 18-month high triggered by the latest Fed rate hike. That's not just a number on a screen. For a buyer
The 30-year fixed mortgage rate has climbed to 7.28% — the highest level in months — and the Fed hasn't even made its next move yet. For buyers already
Rates crossing back above 7% aren't just a headline. For a lot of buyers I've been talking to lately, it's the number that makes them close the browser
The Federal Reserve's policy meeting is here, and buyers across the Phoenix metro are doing the same thing they've been doing for the past two years
Home sales just posted their worst monthly reading in over a year. That's not a blip. That's buyers looking at rate sheets, running the math, and walking
A new study from AD Mortgage just put a number on the "wait for better rates" strategy — and it's not flattering for the waiters. Across 61% of the
When the 30-year fixed rate pushes toward 7%, something shifts in buyer behavior. People stop waiting. They start adapting — and sometimes that means
The Equal Credit Opportunity Act is clear: lenders cannot deny you a mortgage because you're 70, 80, or even 90 years old. Full stop. Age is not a legal
Mortgage rates just hit their highest level of 2026. The 30-year fixed climbed to 6.71% as of recent market data — not because the Fed raised rates, not
Mortgage application volume ticked up 0.8% last week, according to recent Mortgage Bankers Association data. That's a modest number on its face. But pair
Rates below 7% feel like a gift right now — but gifts have expiration dates. The 30-year fixed has been flirting with the 6.5%–6.9% range for several
Adjustable-rate mortgages have a PR problem. Most people hear "ARM" and immediately think of the foreclosure crisis, of teaser rates that reset and buried
The math has gotten brutal. As of recent market data, the typical American family is spending 36% of their gross monthly income just to cover a mortgage
New survey data reveals something that every lender — and every buyer — should be paying attention to. Roughly 1 in 3 homebuyers say they would drop their
The Consumer Financial Protection Bureau spent years building guardrails around the mortgage market after the 2008 collapse exposed just how badly lenders
The 30-year fixed mortgage rate has been flirting with 7% for months. By every traditional measure, that should have crushed housing demand. It hasn't
The Mortgage Bankers Association just dropped another cold-water number: overall mortgage demand fell 2.9% last week as the average 30-year fixed rate
There's a number floating around that gets repeated so often it sounds like law: spend no more than 28% of your gross monthly income on housing. If you
June brought a number that caught my attention: the national median mortgage payment dropped to $2,191, according to recent mortgage application data
Mortgage application volume dropped 6.4% in a single week after the 30-year fixed rate climbed to 6.76%. That's not a massive number in isolation, but
Mortgage rates are on the move again. The 30-year fixed has been edging back toward the 7% threshold — a level that, not long ago, was supposed to stop
The mortgage lock-in effect gets talked about mostly as an inventory problem. Sellers won't list because giving up a 3% rate for a 7% rate costs them $800
Heading into early 2026, there was genuine momentum. Inventory was climbing. Sellers who'd been frozen in place for two years were finally listing. Buyers
There's a common misconception I hear from buyers almost every week right now: "I'm going to wait and see what the Fed does, then lock my rate." It sounds
Mortgage rates haven't moved much. That sounds like stability. It isn't. At 6.6% on a 30-year fixed as of recent market data, rates sit in a zone that's
Mortgage rates don't just move on Fed decisions and jobs reports. Sometimes geopolitics does the heavy lifting — and right now, the escalating conflict
Conflict in the Middle East has a way of showing up in the strangest places. Right now it's showing up in your mortgage payment. With Iran-related
Foreclosures are climbing again. Nationally, filings in the first half of 2026 are up 21% compared to the same period last year — and the stress isn't
The Biden-era income-driven repayment plans that let millions of borrowers carry student loan debt at artificially suppressed monthly payments are
Most people assume cheap oil means cheaper mortgages. Right now, oil is sitting below $70 a barrel, inflation looks like it's cooling, and the Fed has
Every buyer I talk to right now asks the same question: why is my mortgage rate still sitting at 7% when the Fed stopped raising rates? It's a fair
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