National trade association for the U.S. real estate finance industry
Existing-home sales have fallen by 1.7% to a 4.06 million annual pace, while prices reach record highs for July. The 30-year fixed rate sits at about 6.69%, and mortgage-rate trends are weighing on buyers as supply remains tight.
Nvidia has announced memorandums with six Wall Street firms to assemble about $500 billion to finance AI infrastructure — data centres, GPU clusters and related compute — for customers that lack cash or credit. Executives are pitching compute as an investable asset class while analysts warn depreciation risk and competition from China could erode collateral value.
A mix of mortgage rates remaining elevated and inventory growth is shaping US and UK housing markets. Cash sales have cooled, financed buyers are gaining ground, and prices show modest changes in several markets. Analysts warn of continued affordability challenges and potential further rate-related pressure.
The United States has reached a historic debt level, driven by Iran tensions and tariffs. Higher debt issuance is lifting bond yields, pushing mortgage rates higher and increasing monthly payments. Homebuyers face a slower market as rates stay elevated amid near-record home prices, while employment remains strong and demand could rebound if rates ease.
Mortgages have seen sustained increases as oil prices surge, fueling inflation concerns and boosting bond yields. The latest data show the 30-year fixed rate has risen to multi-month highs, with refinancings and home-purchase activity muting as borrowing costs weigh on buyers.
Surging mortgage rates have led to a slowdown in homebuying activity as inventories rise. Across multiple outlets, data show higher rates pushing buyers out of the market, while prices stay elevated.
The Saudi energy ministry has closed a pipeline as a precaution after reports that Houthi forces seized a Red Sea island and a port city, threatening shipping lanes. Oil prices have risen, with Brent near $108 a barrel and WTI around $103, while gas and diesel costs are climbing in the U.S. amid ongoing regional tensions.
Freddie Mac has reported the 30-year fixed mortgage rate has held at 7.40% this week, matching last week and sitting near its highest level since November 2023. Fifteen-year rates have eased slightly to about 6.71%. Mortgage demand and purchase applications have fallen sharply while borrowers are shifting toward adjustable-rate mortgages to lower near-term payments.