Why Home Purchase Cancellations are Rising, and What Needs to Change

Chen Zhao explains why home purchase cancellations are on the rise, citing buyer difficulty with high mortgage rates. These cancellations happen between the contract agreement and financing offers, when homebuyers may realize they can’t afford the property. She doesn’t expect mortgage rates to fall even if the Fed cuts rates, and says the economy needs to “weaken a lot more” to actually bring them down. Chen thinks sellers will need to sweeten the deal for buyers.

Market On Close

26 Aug 2025

SHARE

Schwab Network's Newsletters

Daily insights for every investor