Market updates
Mortgage market updates
Daily rate commentary and housing news from Mortgage News Daily, and what it means if you are buying or refinancing in New York, New Jersey, Florida or Pennsylvania.
Mortgage rate watch
- Mortgage Rates Officially Hit 7.5%
- Mortgage Rates Had a Better Day, Ultimately Dropping Just Slightly
- Mortgage Rates Now Close to 7.5%
- Mortgage Rates Match Highest Level Since May 2024
- Lowest Mortgage Rates in a Week
- Mortgage Rates Little-Changed to Start New Week
Snapshot from Sep 29, 2026. On the live site these headlines update daily.
Source: Mortgage News Daily · mortgagenewsdaily.com
Housing and mortgage news
- New Home Sales Back in The Range After Uncommonly Big Bounce
- Refi Demand Logically Lower While Purchases Grind Sideways
- Pending Sales Rebound Slightly as Regional Results Diverge
- More Mixed Results in Residential Construction Report
- Labor, Land, and Rising Costs Push Builder Confidence to 3 Year Lows
- Refi Demand Falls, But Still Higher Than Early 2025 Levels
Snapshot from Sep 29, 2026.
What we tell clients when rates move
Rates change every day, sometimes more than once. Trying to time the exact bottom rarely works. What does work is having a plan for the rate environment you are in.
- When rates are high, a seller-paid 2-1 buydown can lower your payment for the first two years, and you can refinance later if rates fall.
- In New York, a Purchase CEMA cuts closing costs no matter where rates are.
- If your current rate is well above today's market, run the refinance break-even before deciding.
- Once you are in contract, talk to your loan officer about when to lock. We watch the market daily.
Want to know what today's market means for you?
A loan officer can price your exact scenario across lenders.