US Pending Home Sales & Mortgage Apps. (Jul. 2026)

18th August 2026

The renewed rise in mortgage rates in July squeezed would-be home buyers’ budgets, causing pending home sales and purchase mortgage applications both to fall. This points to further downward pressure on existing home sales in the coming months, while the recent sustained rise in longer-dated Treasury yields suggests buyers are unlikely to get any mortgage rate relief soon.

We’ll be discussing the causes and implications of the latest rise in DM government bond yields in an online Drop-In briefing on Thursday 20th August, 10am NY time/3pm London. Register here to join the session.

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