Buying A Foreclosed Home In September 2026: Underwater Owners And Rising Rates
Roughly 813,000 borrowers are underwater, per ICE’s August report. Mortgage rates rose four weeks in a row through Freddie Mac’s survey dated September 24.
Roughly 813,000 borrowers are underwater, per ICE’s August report. Mortgage rates rose four weeks in a row through Freddie Mac’s survey dated September 24.
Save For A Home In September 2026 — As of September 28, 2026, the savings target you set last spring is out of date.
Freddie Mac’s survey put the 30-year fixed at 7.03% for the week of September 24, up from 6.95% the week before.
Freddie Mac’s survey put the 30-year fixed at 7.03% for the week of September 24, up from 6.30% a year earlier. Prices barely moved over the same stretch.
NAR’s August report showed supply at its highest level in over ten years.
The National Association of Realtors reported on September 10 that August existing-home sales fell 2.0% from July.
Mortgage rates have climbed four weeks running, which makes lower utility bills and builder credits count for more.
At the same time, builders are cutting prices and stacking incentives, and resale inventory is at a ten-year high.
If you are about to close, the payment you planned around may be moving unless your rate is locked.
Housing Market This September — As of September 28, 2026, borrowing costs are climbing while the choice of homes is widening.
Freddie Mac’s survey put the 30-year fixed average at 7.03% for the week of September 24, its fourth straight weekly increase.
Freddie Mac’s survey rose for the third straight release on September 24, and the Fed raised its target range on September 16.
Build your budget on a higher payment than you would have planned in August, and keep a cushion for anything that floats.
NAR’s August report shows supply at 4.9 months, the highest in over ten years.
ICE’s August report put mortgage-holder equity at a record $18 trillion. NAR’s August report showed sales down and supply up.