Rising Mortgage Rates and Signs of Cooling Housing Demand

I explain the recent rise in 30-year fixed mortgage rates and how it coincides with weaker pending home sales and mortgage activity. The figures provide a snapshot of how higher borrowing costs are reflected in housing-market indicators.

- Mortgage rates: recent increase and level since early September
- Housing demand: September pending sales and trends in refinance and home-purchase applications
- Borrower response: the elevated share of adjustable-rate mortgage applications

For viewers following mortgage costs or housing-market conditions, this overview connects several current indicators. Use it as context when tracking rate and demand data; it does not provide individual loan or home-buying advice.