Builder sentiment slipped again in June as elevated mortgage rates, higher material costs and ongoing affordability pressures continued to weigh on the housing market. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell two points to 35 , marking the 14th straight month the index has remained below 40. The latest reading underscores how far confidence remains from more durable levels. A streak that long below 40 has not been seen since 2011-2012 , when the market was still dealing with the fallout from the foreclosure crisis. All three major components of the index were either lower or unchanged. Current sales conditions slipped two points to 38 , while sales expectations over the next six months held steady at 45 . Traffic of prospective buyers remained unchanged at 25 , suggesting demand is still soft despite the start of the summer selling season. “With the nation short about 1.2 million homes, builder sentiment will remain soft until barriers are eased and conditions improve for home building,” said NAHB Chairman Bill Owens. He said Congress could help by advancing the major housing package now before the Senate, along with legislation aimed at easing labor shortages and protecting access to natural gas in new homes. NAHB Chief Economist Robert Dietz said regulatory and policy costs continue to make it harder for builders to add supply. He pointed to a new NAHB study showing that government regulation, taxes, fees and other costs add more than 26% to the price of an average single-family home, arguing that easing permitting delays, density limits and zoning restrictions would help reduce costs.

June 18, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.58% -0.04%   5.99% 6.87% 15 Yr. Fixed 6.15% -0.01%   5.55% 6.25% 30 Yr. Jumbo 6.81% +0.01%   6.1% 6.95% Compare Mortgage Rates from Local Lenders for Jun 18, 2026 Mortgage Rates Stage Decent Recovery of Post-Fed Losses Thu, Jun 18, 2026 12:46PM Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed's revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-short-term transactions (24hrs or less), it has the biggest impact on the shortest-term debt and a diminishing impact on longer term debt. While the typical mortgage may be ABLE to last for 30 years, in practice, the average mortgage length (due to refinances and sales) is a moving target assumed to be around 5 years. That's helping us today.  Shorter-term debt is still having some indigestion over... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.58% -0.04 0.00 15 Yr. Fixed 6.15% -0.01 0.00 30 Yr. FHA 6.15% 0.00 0.00 30 Yr. Jumbo 6.81% +0.01 0.00 7/6 SOFR ARM 6.30% +0.06 0.00 30 Yr. VA 6.17% 0.00 0.00 Updates Daily - Last Update: 6/18 Freddie Mac Rate Change Points 30 Yr. Fixed 6.47% -0.05 0.00 15 Yr. Fixed 5.81% -0.03 0.00 Updates Weekly - Last Update: 6/18 Mortgage Bankers Assoc. 30 Yr. Fixed 6.60% 0.00 0.63 15 Yr. Fixed 6.02% +0.03 0.65 30 Yr. Jumbo 6.62% -0.04 0.57 Updates Weekly - Last Update: 6/17 UMBS 30YR 5.0 98.28 +0.28   96.76 100.50 UMBS 30YR 5.5 100.30 +0.22   98.96 101.64 10 YR Treasury 4.441 -0.055   3.948 4.668 Deal Signed. Warsh Digested. Bonds Stabilizing Thu, Jun 18, 2026 10:04AM Trump officially signed the Iran MOU last night , which helped oil prices and bond yields move a bit lower. Overseas markets also did a decent job digesting the post-Warsh trade, quarantining most of the damage to the shortest end of the yield curve and buying the longer end (i.e. 10yr rallied back almost completely while 2yr barely rallied). The net effect ... (read more) MBS Price Change UMBS 4.5 95.88 +0.26 UMBS 5.0 98.25 +0.25 UMBS 5.5 100.29 +0.20 GNMA 4.5 95.92 -0.02 GNMA 5.0 98.70 +0.42 GNMA 5.5 100.48 +0.33 Pricing as of: 6/18 3:33PM EST US Treasury Yield Change 2 YR Treasury 4.164 -0.022 5 YR Treasury 4.213 -0.054 7 YR Treasury 4.320 -0.051 10 YR Treasury 4.444 -0.052 30 YR Treasury 4.900 -0.031 Pricing as of: 6/18 3:33PM EST Other News Builder Sentiment Remains Subdued Thu, Jun 18, 2026 12:22PM Builder sentiment slipped again in June as elevated mortgage rates, higher material costs and ongoing affordability pressures continued to weigh on the housing market. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell two points to 35 , marking the 14th straight month the index has remained below 40. The lates... (read more) Mortgage Applications Give Back Some of Last Week's Gains Thu, Jun 18, 2026 12:25PM Mortgage applications pulled back last week as rates moved around in response to fresh inflation data and shifting geopolitical headlines. The Mortgage Bankers Association (MBA) reported a 3.8% decline in total application volume on a seasonally adjusted basis for the week ending June 12. Refinance activity accounted for much of the slowdown. The Refinanc... (read more) Non-QM, Hedging, Verification Products; Training Webinars; Title Insurance Stats Thu, Jun 18, 2026 11:35AM Lots of people who bought cars during the pandemic are deeply underwater on those vehicles, meaning the amount they owe is considerably higher than the actual value of the vehicle. Among car buyers who traded in a car to buy a new one, 30 percent had negative equity on their trade-in, owing an average of $7,200. One thing that may have caused the surge is th... (read more) Latest Video Fed Chairman Kevin Warsh: We will review our communications broadly Fed Chairman Warsh: Appointing a task force in five areas central to conduc... Retail sales up 0.9% in May, more than expected Import prices rose much more than expected in May Around the Web Realtor.com How the New Housing Bill Could Make It Easier To Get a Mortgage CNBC Fed holds rates steady, pares down statement to remove cutting bias Eye on Housing Gains for Household Real Estate Assets Investing Live US initial jobless claims 226K vs 225K estimate. Continuing Claims 1.810M vs 1.795M est CNBC Gas prices fall below $4 per gallon as oil supply fears ease after Iran deal CNBC Treasury yields mixed as investors digest Warsh's first Fed meet BLS Consumer prices up 4.2 percent over the year ended May 2026 Realtor.com Pending Home Sales Leap 4.8% Annually in May as Buyers Join Late-Spring Rush CNBC Bank of England holds interest rates at 3.75% amid Iran war peace prospects Investing Live US weekly EIA crude oil inventories -8263K vs -4566K expected Realtor.com Home Flipping Profits Rise for First Time in Nearly 2 Years Investing Live US April business inventories +0.5% vs +0.5% expected Investing Live US June Philly Fed business index 10.3 versus 10.0 estimate

© 2026  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.