As we navigate today’s real estate landscape, I’m keeping a close eye on recent data showing that US mortgage application volume has held steady—an indicator that many buyers and refinancers are choosing to pause rather than act. Purchase activity has dipped slightly, with applications down 2% seasonally adjusted and 3% unadjusted nationwide. On the refinancing side, there’s been a modest 2% uptick, bringing the refinance share close to 42%, though those with larger loan balances remain cautious. Affordability concerns and economic uncertainty continue to influence buyers’ decisions, and I understand how these factors can weigh heavily on your plans. One area of optimism: VA applications have increased, reaching a 12.6% share. Mortgage rates are still hovering near 7% for a 30-year conforming loan, and with no expected central bank rate cuts through 2026, patience is proving to be an important asset. My commitment, as always, is to keep you informed and supported—whether you’re considering your first home, thinking of selling, or simply weighing your options in this evolving market.
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