Houtan HormozianExpert on Real Estate, Finance and PropTech

Mortgage Rates Stay High, Rents FallWhat the Market Is Really Doing

10 Feb 2026 · 1 min

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This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "Mortgage Rates Stay High, Rents FallWhat the Market Is Really Doing" (uploaded 2026-02-10). It is a short market update / commentary presented by a single speaker (labelled SPEAKER A) summarizing housing and labor-market data: ICE shows >30% of homeowners have mortgage rates above 5% and ~20% above 6%; mortgage applications fell ~9% after severe winter weather; national median rent eased to $1,353 (about 1.4% lower year-over-year) — the lowest in four years; jobless claims were higher than expected and Challenger reported the largest January layoffs since 2009; a brief government shutdown delayed key labor and inflation reports. The clip ends with viewer engagement prompts (comment, like, visit website).

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Here's your quick market insight. Data from Intercontinental Exchange, or ICE, shows that over 30% of homeowners have mortgage rates above 5%, with nearly 20% paying more than 6%. Severe winter weather across the country slowed buyer activity, causing about a 9% drop in mortgage applications. Rental prices also eased. Apartment rents in January fell to their lowest level in 4 years, with the national median rent at $1,353, about 1.4% lower than last year. Jobless claims came in higher than expected last week, affecting both new and continuing claims, likely due to harsh winter conditions. According to Challenger, employers announced the highest number of January layoffs since 2009. A short government shutdown lasted only a few days but still delayed the release of key labor and inflation reports until next week. Thoughts on this update? Comment below. Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.