The latest Mortage Bank Association data showed that mortgage rates ticked higher, with 30-year fixed-rate mortgages climbing to 6.52%, their highest level since August. This sent mortgage and financing applications down week over week. Yahoo Finance's Dani Romero joins Brad Smith on Wealth! to break down what the latest mortgage data says about the housing market as homebuyers consider what's next in the Federal Reserve's rate-easing cycle.

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This post was written by Naomi Buchanan.