Existing-home sales had another rough month, and just hit their lowest level since August 2010. Mortgage rates are largely to blame. The National Association of REALTORS® (NAR) reported a 5.5% monthly decline and an 8.8% year-over-year decline , bringing the seasonally adjusted annual sales rate to just 3.75 million . Chief Economist Lawrence Yun attributed the weakness to mortgage rates, which have tested levels not seen since 2000. Inventory continued to improve modestly, even as sales slowed. Total housing inventory reached 1.59 million units , up 1.3% from September and 4.6% year over year, a 5.1-month supply. Homes also took slightly longer to sell, with the median time on market increasing to 35 days from 33 days in September. Prices continued to rise nationally, although at a much slower pace. Median prices crawled to $416,700 , up a mere 0.4% from October 2025 . Still, that marked the 40th consecutive month of year-over-year price gains. The Housing Affordability Index fell to 100.7 , down from 107.3 a year earlier, with affordability deteriorating across the country. Regional Breakdown (Sales and Prices, October 2026) Region Sales (annual rate) MoM Change Median Price YoY Change Northeast 470k 0.0% $519,600 +3.2% Midwest 900k -3.2% $324,300 +1.5% South 1.73m -6.5% $360,900 -0.4% West 650k -9.7% $624,300 0.0%

November 13, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.50% +0.08%   5.99% 7.61% 15 Yr. Fixed 7.03% +0.03%   5.55% 7.23% 30 Yr. Jumbo 7.50% +0.04%   6.26% 7.71% Compare Mortgage Rates from Local Lenders for Nov 13, 2026 Mortgage Rates Have Given Back Almost All of October's Gains Fri, Nov 13, 2026 3:20PM In 3 short days, the average top tier 30yr fixed mortgage rate has risen 0.32% to 7.50%, erasing a vast majority of the improvement seen over the past 5 weeks. Today's increase wasn't nearly as sharp as each of the previous 2 days, but it wasn't small either. Notably, rates went higher today even though the underlying bond market held reasonably steady. On most days, a flat bond market would result in far less rate movement. Today was an exception largely due to timing. Yesterday afternoon saw bonds lose ground late in the day--too late for the average lender to go to the trouble of changing ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.50% +0.08 0.00 15 Yr. Fixed 7.03% +0.03 0.00 30 Yr. FHA 7.05% +0.05 0.00 30 Yr. Jumbo 7.50% +0.04 0.00 7/6 SOFR ARM 7.13% +0.08 0.00 30 Yr. VA 7.07% +0.06 0.00 Updates Daily - Last Update: 11/13 Freddie Mac Rate Change Points 30 Yr. Fixed 7.11% -0.07 0.00 15 Yr. Fixed 6.45% -0.12 0.00 Updates Weekly - Last Update: 11/12 Mortgage Bankers Assoc. 30 Yr. Fixed 7.21% -0.09 0.75 15 Yr. Fixed 6.64% -0.12 0.97 30 Yr. Jumbo 7.21% +0.01 0.47 Updates Weekly - Last Update: 11/11 UMBS 30YR 6.0 98.69 -0.07   97.78 102.75 UMBS 30YR 6.5 100.74 +0.03   100.34 104.00 10 YR Treasury 5.141 +0.012   3.948 5.318 Nearly Unchanged After As-Expected PPI Fri, Nov 13, 2026 10:18AM This morning's Producer Price Index (PPI) came out as expected. The components that impact core PCE were also uneventful. Stocks and bonds initially rallied but the gains were erased in less than 20 minutes. Higher oil prices coincided with the bounce toward higher yields, but the longer-term correlation remains weak enough that we wouldn't read too much int... (read more) Other News Existing-Home Sales Sink to Lowest Level Since 2010 Fri, Nov 13, 2026 2:55PM Existing-home sales had another rough month, and just hit their lowest level since August 2010. Mortgage rates are largely to blame. The National Association of REALTORS® (NAR) reported a 5.5% monthly decline and an 8.8% year-over-year decline , bringing the seasonally adjusted annual sales rate to just 3.75 million . Chief Economist Lawrence Yun attrib... (read more) Decent Bounce in Mortgage Demand Thanks to Last Week's Lower Rates Fri, Nov 13, 2026 2:47PM Mortgage applications bounced back in the latest week, with both purchase and refinance activity moving higher. The Mortgage Bankers Association (MBA) reported a 6.2% increase in total application volume for the week ending November 6, 2026. NOTE: That Nov 6th date is important as it marked the bottom of the range for interest rates after a nice decline t... (read more) AI Governance, Fulfillment, DPA, Reverse Products; Fed Policy Updates; Webinars Focused on the Primary Market Fri, Nov 13, 2026 11:33AM Seen on a fortune cookie: Your destiny is to spend hours proving you are not robots on websites run by robots, just to read articles written by robots.” Is Big Tech reminiscent of Big Tobacco? Chrisman LLC had a backup system to replace Outlook being down… Meanwhile United Is restricting AI Agents from booking flights. Next week I head to St. Louis and Kansa... (read more) Latest Video Watch CNBC's full interview with Chicago Fed President Austan Goolsbee Fed's Bowman: Persistent inflation, firming labor market indicate 'there's ... Federal Reserve reduces rate-setting meetings in 2027 October PPI rose 0.3% vs. 0.4% estimate Around the Web Investing Live Fed's Daly: In all likelihood, we need to raise rates Investing Live Goldman Sachs: We can explain almost the entire US inflation overshoot by tariffs and the war in Iran Investing Live Fed's Goolsbee: We're not on the way to 2% inflation and we have to deal with that Investing Live Fed's Collins: I would think some additional policy tightening is warranted soon Investing Live US October federal budget deficit sets a record Investing Live US October PPI +6.5% vs +6.6% expected Eye on Housing No Relief: Credit Conditions for Builders Still Tightening Eye on Housing Building Material Price Inflation Remains High Despite Energy Price Declines CNBC In policy switch, Fed says its October 2028 meeting will not see a vote on interest rates CNBC Treasury yields rise as traders strengthen Fed rate hike bets Investing Live Fed's Daly: How much tightening and when is no a decision for right now Investing Live US 30-year bond auction tails as demand disappoints for second straight day Investing Live Crude oil inventories +4.657 million versus -1.109 million estimate

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