Recent reports indicate that mortgage rates have surged to their highest levels since earlier this year, now nearing 7%, yet homebuyer demand continues to grow. Despite a decrease in overall mortgage applications, driven down by elevated rates, some segments, particularly purchase applications, are showing resilience. The market remains volatile, with rates fluctuating amid mixed economic signals and bond yield movements, but there are signs of slight declines in refinance rates. Homeownership costs are on the rise, with many looking for opportunities in the current landscape.