The US housing market is facing significant challenges: in August, banks foreclosed on 5,794 homes, a 42% increase compared to last year.

More than 40,000 households were affected by bank actions due to missed payments. Meanwhile, mortgage rates have surged from 2.65% in January 2021 to nearly 7.60% today.

In the first half of 2026, the number of homes actually taken by banks increased by 33%, and the number of new cases in the foreclosure process increased by 7%.

While the current situation has not yet reached the scale of the 2008 crisis, further increases in mortgage rates could significantly worsen the situation for American families.

Mortgage rates in the US have jumped to 7.49%, reaching the highest level in almost three years, according to Bloomberg.

Applications for home purchases fell by 2.1% to the lowest level in over a year, and applications for refinancing decreased by 7.5%.

✨ So much winning

⚡️Two Majors