Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.

Industry experts generally don't foresee meaningful mortgage rate drops right after the July Fed meeting. The reason behind that sentiment comes down to how mortgage rates work .

For Gen Z, respondents indicated they’re only willing to go up to a 5.8% rate from their current average of 5.1%. Millennials (born between 1981 and 1996), who have an average rate of 4.9%, say they would extend to a max of 5.5%.

Mortgage delinquencies are rising across the U.S., especially in southern states like Florida, Georgia, and South Carolina, a study by Cotality found. Escrow payments have surged – up 62% in the last 5 years – likely due to rising property taxes and insurance premiums.

It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the

Inflation rose to an 18-month high of 3.6 per cent in June, the Office for National Statistics said. This happened against an expectation that it would remain at 3.4 per cent or rise marginally to 3.5 per cent. The UK rate is much higher than EU rate of 2.2 per cent.