Mortgage Rates

US existing home sales declined in June as house prices reached a record high. Higher mortgage rates are deterring potential sellers from listing their homes.

U.S. existing home sales slowed in June, but national home prices reached a record high, exacerbating affordability challenges. Prices rose in the Northeast while falling in the West, with mortgage rates and inventory shortages driving regional disparities.

Home sales in June decreased month-over-month due to persistently high mortgage rates, while home prices reached an all-time high.

US home prices reached an all-time high as sales declined and mortgage rates increased. The report indicates a slowing market despite rising prices.

US home prices reached an all-time high in June as sales of previously occupied homes slowed. Rising mortgage rates and affordability challenges are impacting prospective buyers.

US home prices reached an all-time high in June, with existing home sales declining 2.4% from May but rising 2.8% compared to June 2023. Affordability challenges persist as mortgage rates have increased since spring amid the U.S.-Iran tensions, though rates remain lower than a year ago.

US home prices reached an all-time high in June 2026, with the median sales price rising 1.8% annually to $440,600. Existing home sales slowed by 2.4% from May, though annual sales increased 2.8% compared to June 2025. Mortgage rates have risen since spring 2026 amid concerns over the US-Iran conflict and inflation.

US home prices reached an all-time high in June, with the median sales price rising 1.8% annually to $440,600. Existing home sales slowed by 2.4% from May but increased 2.8% compared to June 2023, while mortgage rates have trended higher due to inflation concerns linked to the US-Iran conflict.

Mortgage demand has dropped due to mortgage rates remaining in a narrow range for over a month. The lack of movement in rates has led to weak demand.

The US housing market is shifting toward balance as inventory increases and price growth slows, with 44% of agents reporting balanced conditions in Q2. Home sales rose 3% year-over-year in May, but affordability challenges persist due to 6.6% mortgage rates and elevated prices, despite a 2.5% annual drop in asking prices.

Nationwide has cut mortgage rates as competition intensifies among lenders, sparking a price war. The move reflects heightened rivalry in the lending sector.

Consumer confidence in the U.S. rose slightly in June but remains below year-ago levels, with inflation-adjusted incomes declining due to high costs. U.S. employers added only 57,000 jobs in June, the lowest in months, as companies remain cautious about economic health, while jobless claims decreased and mortgage rates fell to a seven-week low.

Consumer confidence in the U.S. remains below historical averages despite a slight monthly increase, while June hiring dropped to 57,000 jobs, the lowest in recent months. Inflation and high borrowing costs continue to impact economic sentiment, though mortgage rates fell to a seven-week low in June.

Mortgage rates increased slightly this week, with the average 30-year fixed loan reaching 6.49% according to Freddie Mac. The rise is linked to Iran tensions and inflation uncertainty, though rates have remained stable over the past six weeks.

Mortgage rates increased slightly this week, with the 30-year fixed loan averaging 6.49% according to Freddie Mac. The rise is linked to Iran tensions and inflation uncertainty, though rates have remained stable over the past six weeks.

The key inflation gauge reached a 3-year high in May, driven by rising gas prices and AI-related costs. Apple increased prices on Macs and iPads due to chip shortages, while the U.S. economy grew 2.1% in Q1 2025. Mortgage rates remained near 6.5%, and consumer spending declined amid higher gas prices.

Nationwide has cut mortgage rates for the third time this month. Brokers are advising clients to lock in a deal now.

California’s housing market shows little change in spring 2026, with the statewide median home price reaching $914,810 in April—exceeding the California Association of Realtors’ $905,000 forecast. Mortgage rates averaged 6.55% on June 24, higher than the projected 6.0% for 2026, while active listings declined slightly in March compared to the previous year.

Today’s 30-year mortgage purchase rate rose to 6.64%, driven by the Federal Reserve’s hawkish stance on future rate hikes amid persistent inflation. Refinance rates also increased, with the 30-year rate at 6.738%. Higher oil prices from the U.S. war in Iran and strong labor data contributed to elevated inflation, which experts suggest will keep mortgage rates above 6% for years.

Virginia's housing market is growing steadily compared to last year despite challenging mortgage rates, with experts predicting the trend will continue through summer, according to the May 2026 Virginia Home Sales Report by the Virginia Association of Realtors.

Mortgage rates declined to their lowest level in over a month, with the average 30-year fixed mortgage rate dropping to 6.47% from 6.52% the prior week, as reported by Freddie Mac. The decrease coincided with progress on an Iran deal.

Hispanic households are driving homeownership growth in 2025 despite high mortgage rates and affordability challenges, with a 441,000 net gain in Hispanic owner-households. Multigenerational financing and shared income strategies are helping Latino buyers overcome barriers, as they prioritize long-term stability over waiting for market conditions to improve.

Mortgage demand has declined due to high borrowing costs despite slight rate reductions, AI usage is rising but remains met with caution, and Tropical Storm Arthur is expected to bring heavy rainfall and flooding risks to the Texas-Louisiana Gulf Coast.

Mortgage rates are declining, but demand from current homeowners and potential homebuyers remains weak.

May home sales surged to the highest level this year, with mortgage rates easing but expected to remain elevated. The increase in home sales coincides with more Americans moving.

Home sales increased in May to the highest level since December due to a slight drop in mortgage rates in April. However, home prices continue to rise.

Sales of previously occupied U.S. homes surged in May to a seasonally adjusted annual rate of 4.17 million units, the fastest pace since December, despite rising mortgage rates. The National Association of Realtors reported a 3.2% monthly increase and a 3.2% annual rise, with home prices climbing 1.3% year-over-year to $429,300.

Bond traders anticipate a surge in consumer price index (CPI) data that could support a Federal Reserve policy shift. Rising U.S. mortgage rates threaten to slow the spring home sales season.

Mortgage rates remain high in the U.S., and the Federal Reserve has limited ability to lower them, leaving homebuyers without relief.

U.S. mortgage rates have decreased this week from their highest level in nine months, providing modest relief to prospective homebuyers.

UK house prices fell by 0.1% in May to £298,806, marking the third consecutive monthly decline. The drop is attributed to rising mortgage rates driven by uncertainty from the war in Iran, which has reduced homebuyer demand and affordability.

The Seattle-area housing market remains weak as high mortgage rates, war, gas prices and more keep home shoppers on the sidelines.

The denial rate for loan applications increased to 15.1% in 2024 from 12.2% in 2021, coinciding with rising mortgage rates, according to the St. Louis Fed.

Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.

Today’s 30-year mortgage purchase rate decreased to 6.537% on June 1, 2026, down from 6.591% the previous day. Refinance rates for 30-year mortgages are 6.632%, with 15-year rates at 5.679%. Experts attribute recent rate fluctuations to rising oil prices due to the U.S. war in Iran and inflationary pressures, with expectations of rates remaining above 6% for the 30-year term in the near future.

Barclays and NatWest have reduced mortgage rates, marking a significant shift by major lenders. The rate cuts are described as a notable change in the banking sector.

Home purchase loans in the US fell to a 12-year low in Q1 2026, with 581,000 loans originated from January to March, marking a 19% decline from the previous quarter. High mortgage rates are cited as a key factor disrupting affordability.

U.S. mortgage rates rose to 6.53%, posing a challenge for sidelined spring buyers. Despite the recent increase, rates remain lower than a year ago.

Mortgage refinance demand fell 18% as rates reached a nine-month high, while homebuyers remained more active than last year despite reduced activity. Rates hit their highest level since August, disproportionately impacting refinancing activity.

Experts analyze the impact of rising inflation on mortgage rates, indicating potential challenges for borrowers as interest rates may increase.