By late February, early signs suggested home sales could pick up. Mortgage rates slipped below 6% for the first time in more than three years — a key threshold many economists believed could lure buyers and sellers back into the market.

But the optimism was short-lived. The United States and Israel launched joint attacks on Iran in late February, rattling global markets and pushing mortgage rates higher as bond traders braced for renewed inflation.

Mortgage rates track the US 10-year Treasury yield, which has climbed as the war in Iran has sparked concerns about higher inflation. The 10-year yield last week rose to 4.39%, its highest level since July. On Monday, it climbed as high as 4.44% before paring gains.

On a $450,000 home with a 20% down payment, a buyer who locked in a 30-year fixed mortgage rate one month ago would pay about $1,120 less per year than someone securing a rate today. That amounts to more than $33,000 over the life of the loan.

“I think global concerns are definitely on the forefront of people’s minds,” Manny Maza, a real estate agent based in New Jersey, said. “I think people are little bit more cognizant of their budget and their bank account.”

Still, conditions overall are more favorable for buyers in 2026 compared to recent years, said Daryl Fairweather, Redfin’s chief economist. Home prices are still rising, but at a slower pace than overall inflation – and wages continue to grow.

And despite the recent rise in mortgage rates, they are still lower than this time last year, when rates hovered above 6.6%.

Buyers have more options this year, as well. More homeowners are listing their homes after years of constrained supply: There are currently 630,000 more home sellers than buyers, according to Redfin. That’s the biggest gap in at least 10 years, Redfin said.

Plus, home shoppers are more cautious given a faltering job market and growing economic uncertainty, meaning fewer homes are being snapped up quickly, Fairweather said.

Last week, mortgage applications fell by 10.5% from the week prior, according to the latest data from the Mortgage Bankers Association.

Maza said he is seeing homes get fewer offers and buyers who are less willing to participate in bidding wars compared to previous years.

“The uncertainty is on everyone’s radar,” Maza said. “People are getting a little more hesitant. They’re still touring properties, they’re still submitting offers, but they’re more realistic.”

Buyers are also increasingly backing out of deals, rather than settling for homes that may not be the perfect fit.

More than 42,000 homebuying contracts fell through in February, equal to nearly 14% of all homes that went under contract that month, according to a separate Redfin report. That’s the highest share in February since Redfin began collecting data in 2017.

trump crashing everything while he war profiteers off iran

>>1500867
Fake news. briben increased housing prices twice as much and the leftist media never reported on it. Why are leftists pretending to care about affordability and housing now? Only when President Trump is in office. Pathetic.

>>1500849
prosperity is woke

>>1500956
Please stop lying.

>>1500849
Biden did this. Trump isn’t responsible for the deaths of Americans because the democrats are actually responsible. Trump is the real victim here

>>1501009
Obongo is directly responsible for the Iran situation. Not Trump's fault he's forced to fix Obongo's mess

>>1501014
hunter's penis gave me bad grades

Reminder that Democrats caused this. If they didn't run such a shit candidates they maybe could of won but instead they ran that got assraped by Donald Trump's orange cock. Dems also lost the popular vote and all battle grounds states btw and they are goint to lose again.

>>1500956
>Vatnik immediately tries to other side this

>>1501014
Obama made a better deal than Trump, now Trump is willing to give Iran everything if they agree to make him look good. It's pathetic.

Jimmy Carter did this.

>>1501103
Iran should demand Turkish peacekeepers in Gaza and the West Bank

>>1501027
Trump is so bad they just flipped the seat his house is in

>>1501108
Holy fuck that is genius anon imagine the seething when he agrees to it and bends bibi over a barrel to get it done

>>1500849
If people stop buying houses the prices will come down

>>1501027
Cool. So Harris outlined a plan to elevate the middle class in the same debate where she made him rave about immigrants eating pets like a lunatic.

So what was wrong wither her policies, and how are his better?

I'm not going to wait for an answer. I know the answer. It was her vagina. Right wing incels and closeted faggots like yourself are terrified of vaginas. Because they're already massive pussies, and don't need the competition.

You know, if you shot yourself in the temple, you wouldn't constantly be wrestling with gay thoughts.

>>1501563
The cats and dogs comment unironically netted Trump a few points. Most Americans came out of that debate with a higher opinion of Trump. He won that debate. That's how cooked we are.

>>1501656
They were eating cats and dogs anon. The media psyopped you into thinking it wasn't happening because the fed didn't want pogroms.
https://en.wikipedia.org/wiki/Community_Relations_Service

>>1501704
They weren't, no. The woman who started the rumors found her cat Miss Sassy and apologized. There is nothing indicating any immigrants eating pets in the source you sent.

Like, more than that, they understand the concept of pets and personal property in other countries, and know people would freak out if you started eating animals that other people own. You have to be a soft, smoothe-brained imbecile with no idea how humans work to believe this shit.

>>1500851
>On a $450,000 home with a 20% down payment, a buyer who locked in a 30-year fixed mortgage rate one month ago would pay about $1,120 less per year than someone securing a rate today.
>Buyers are also increasingly backing out of deals, rather than settling for homes that may not be the perfect fit.
>Buyers have more options this year, as well. More homeowners are listing their homes after years of constrained supply: There are currently 630,000 more home sellers than buyers, according to Redfin.
>More than 42,000 homebuying contracts fell through in February, equal to nearly 14% of all homes that went under contract that month, according to a separate Redfin report. That’s the highest share in February since Redfin began collecting data in 2017.
You’re telling me niggas out here don’t be having $100,000 to put down on a house that’s 10x more expensive than it should be?!?!?!!?!?!?!?!?! Oh shit how do we get people into EVEN MORE DEBT!?!?!??!?!!? This is going to collapse the economy!!
>and not a single thing of value would be lost if it did

>>1501716
That department in the DOJ was specifically designed to manicure stories which 'debunk' the things that we are talking about anon. Several somalians were caught on camera catching geese out of parks and cooking up four-legged animals in their backyard.
>they understand the concept of pets and personal property in other countries
They come from a part of that world that crucifies cats for religious purposes and cannibalism. Those stories were only unbelievable to soccer moms afraid of racism.

>>1501816
Cooking up park geese/ducks is one of the least weird things about Somalis