05/27/2026
Mortgage demand dipped again as rates pushed higher, and refinancing took the biggest hit. Purchase applications were only slightly down, but the message is clear: buyers are being more cautious, and affordability is still the name of the game.
But here’s the part I don’t want people to miss:
A slower market does not mean a dead market. It means strategy matters more.
For buyers, this could mean less competition, more negotiating room, and the ability to make a decision without 17 people breathing down your neck. Cute, right?
For sellers, it means pricing, presentation, and positioning need to be dialed in from day one. The “throw it on the market and see what happens” strategy is not the move.
If you’ve been waiting on rates to magically make your decision for you, let’s look at the actual numbers instead. You may have more options than you think.
Want me to run a quick “what does this market actually mean for me?” snapshot? Send me a DM.
Key takeawaysMortgage applications fell 8.5% leading up to Memorial Day weekend as rising average mortgage rates pushed down refinancings.Applications