mortgage rates

NAR's July index fell to 71.2, down 2.3 percent month-over-month, as peak-summer rate pressure erased contract activity across all four U.S. regions.

The NAHB index beat a forecast of 33 but has not crossed 50 in more than two years, with diesel prices up nearly 50 percent driving material costs higher.

A RICS survey shows UK buyer enquiries and agreed sales dropped to their lowest since August 2023, with London and East Anglia seeing the sharpest declines.