With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it could mean for mortgage rates. After years of relatively high borrowing costs, even the slightest dip could open doors for those hoping to buy or refinance. But the path forward is far from clear.

Mortgage rates remain high, leaving homebuyers weighing whether to act now or wait for potential relief. Melissa Cohn, regional vice president at William Raveis Mortgage, explains how Federal Reserve signals,

Inflation has come down in 2025 — but the latest figures are still well above the 2 per cent target and rising

In a week marked by wild headlines, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads.

While any rate watcher's bingo card should always have a few squares devoted to "unchanged, flat, etc.," this week's had at least as many squares reserved for a big reaction to inflation data.  Specifically,

Markets are predicting an 11-per cent-chance of a rate cut when the Bank of Canada makes its decision on July 30

Headwinds for mortgage rates arrived Tuesday in the form of rising inflation, which likely ends the faint hopes of a Fed rate cut in July.

If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.

Existing homeowners have also been affected by the switch from ultra-low fixed-rate mortgages to new ones, making new payments at today's rates.

As the housing market continues to evolve in the shadow of persistent inflation and shifting buyer behavior, this week’s economic data provides important clues for both policymakers and home shoppers.