US mortgage rates continue to tick up, rising to 6.73% from 6.65% prior | Forexlive

The space between 6 and 7% is what I’m thinking about now. Home buying picked up again at the turn of the year as the 30-year fixed fell to 6% and some were even available below that. Now rates are picking back up, though home builders are trying to compensate for that with two-year buy downs.

Expect home-construction activity to be a big drag in H2 growth, though I think a dam of would-be home buyers is being held back.