The US housing market is facing renewed challenges as mortgage rates have surged in recent weeks, potentially dampening the momentum gained from a brief period of lower rates in September. This volatility in borrowing costs is causing uncertainty for homebuyers, who must now navigate a market with high interest rates and limited housing supply. Some buyers are adapting their strategies, hoping to find bargains amid reduced competition, while others are postponing their plans. The market’s future remains uncertain, with upcoming Federal Reserve decisions and economic data influencing mortgage rates and buyer behavior.