The number of mortgage applications fell last week by 2.7% compared to the week before, when it had also fallen by 2.2%. Of the 28 weeks so far in 2026, 15 have seen declines in mortgage applications. Borrowers for homes are as unsure about the direction of rates as institutional market participants who are attempting to reconcile new Federal Reserve Chairman Kevin Warsh’s statements with market data in order to form an opinion of future rate movements.
Action Line: With inflation bouncing around from the war in the Persian Gulf, and new variables at the Fed, trying to predict the future of rates is a fool’s game. That’s why Your Survival Guy avoids the prediction business and instead builds plans I’ll be comfortable with in a variety of outcomes. When you want help creating a plan for the future, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
