08/24/2026
π Markets in a Minute β Week of August 20, 2026
How are mortgage rates and the housing market moving? Here is a quick one-minute rundown of the most important economic data:
π Rate Activity: Mortgage rates ticked higher this week, driven by pressure from global bond concerns and rising oil prices.
πΌ The Economy & The Fed: Minutes from the Fed's last meeting show deepening concerns about inflation, with several officials ready to raise policy rates as needed. Additionally, gross U.S. debt surpassed $40 trillion.
π‘ Housing News: Pending home sales fell to their lowest level of the year in July per NAR, weighed down by current rates and home prices. New home construction also declined, with housing starts dropping 12.4%.
Have questions about how these movements impact buying or selling your property? At The Luxe5, we are ready to guide you every step of the way.
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