📊 Rates Steady, Sales Mixed, Mortgage Apps Level Off | Week Wrap 09/26/2025

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It was “steady as she goes” for the housing market this week:

✅ Rates held steady — the average 30-year fixed hovered in the high-6.3% range after last week’s Fed swings.
✅ Sales were mixed — August new home sales surged to an 800k pace (biggest jump since the pandemic), while existing sales held flat near 4.0M, still below normal but steady.
✅ Mortgage demand leveled off — refis made up 60%+ of applications as borrowers jumped on last week’s dip, while purchase apps stayed steady and stronger than a year ago.

🔮 Looking ahead: Next week could get tricky if a government shutdown delays key economic reports like jobs data.

💡 Bottom Line: Rates are holding at one of the better levels we’ve seen all year. If you’ve been waiting for stability, now’s a good time to explore your buying or refinancing options.

 

👉 Have questions about what this means for you? Comment, message, or give me a call—I’m here to help.