The mortgage market remains steady as interest rates and demand appear to be in a holding pattern amidst tariff developments. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased slightly to 6.70% from 6.71%. Additionally, mortgage applications for purchasing homes rose 2% for the week, reflecting a 9% increase compared to the same week last year. This data highlights resilience in the housing market as buyers continue to navigate changing financial conditions. Insights into how the mortgage sector adapts will be crucial as external economic pressures evolve.