Houtan HormozianExpert on Real Estate, Finance and PropTech

Quick Market Insight Mortgage Activity Rising, Fed Rate Cut Could Be Coming

19 Aug 2025 · 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 "Quick Market Insight Mortgage Activity Rising, Fed Rate Cut Could Be Coming" (published August 19, 2025 at 21:02:06 UTC). It is a short market update delivered by a single presenter summarizing recent U.S. mortgage and housing-market data: refinancing share rising to 46.5% of mortgage applications, purchase applications up 1% week-over-week and 17% year-over-year (26 weeks of YoY growth), single-family home prices +1.4% year-over-year in July, condo prices down 1.8% (weakest since 2012), consumer inflation roughly in line with expectations, wholesale inflation higher than expected (potential pass-through from tariffs), and market expectations that the Federal Reserve may start cutting rates in September with mortgage rates already reflecting that. The clip includes a viewer call-to-action to comment, like, tag friends, message, or visit the website.

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Here's your quick market insight. The share of people refinancing their mortgages went up to 46.5% of all mortgage applications, compared to 41.5% the week before. Applications to buy a home increased 1% from last week and are 17% higher than the same time last year. According to ICE's August Mortgage Monitor, this marks 26 weeks in a row of year-over-year growth in purchase applications. They also reported that in July, single-family home prices were 1.4% higher than last year. On the other hand, condo prices dropped 1.8%, making it the weakest condo market since 2012. In July, consumer inflation was slightly higher but still matched experts' predictions. This has made investors more confident that the Federal Reserve will cut interest rates in September. However, wholesale inflation, the cost for businesses, rose much more than expected, meaning the extra costs from tariffs might lead to higher prices for shoppers in the coming months. Right now, markets are expecting the Fed to start lowering rates in September, and mortgage rates are already showing the effects of these expectations. 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.