A massive generational shift in wealth is beginning to reshape the luxury real estate market, as Gen Xers and Millennials prepare to inherit trillions in property over the next decade. According to a Coldwell Banker Global Luxury report reviewed by The Wall Street Journal, younger generations are set to inherit $4.6 trillion in global real estate, including nearly $2.4 trillion in the United States, prompting families to involve heirs earlier in high-value housing decisions.
Source: Wall Street Journal
Fed holds key
interest rate steady
as economic view improves
The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.
Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The decision put a halt to three consecutive quarter percentage point reductions, billed as maintenance moves to guard against potential downturns in the labor market.
Source: CNBC
Mortgage Rates
Remain Lower and Steady
Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year.
The 30-year fixed-rate mortgage averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
The 15-year fixed-rate mortgage averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.
