New home sales rebounded modestly in June, recovering some of the previous month's decline, though activity remained below year-ago levels as elevated mortgage rates and affordability challenges continued to weigh on demand. According to the latest Census Bureau and HUD data, sales of new single-family homes rose to a seasonally adjusted annual rate of 628,000 , up 1.6% from May but 5.6% lower than one year earlier. In the bigger picture, this sector has been broadly flat ever since the post-covid volatility died down in early 2023. Inventory edged slightly lower during the month. The number of new homes for sale slipped to 485,000 , down 0.2% from May and 3.2% below June 2025 levels. At the current sales pace, that translated to a 9.3-month supply, down from 9.4 months in May but up from 9.0 months a year earlier. Home prices declined in June. The median sales price fell to $398,300 , down 3.3% from May and 2.7% below its level a year ago. The average sales price also moved lower, dropping to $475,400 , a 9.5% monthly decline and 6.5% below June 2025. As a reminder, home price declines in this data set are not necessarily apples to apples as they can be driven by builders building smaller homes among other variables.

July 24, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.81% -0.04%   5.99% 6.85% 15 Yr. Fixed 6.34% +0.05%   5.55% 6.34% 30 Yr. Jumbo 6.90% -0.02%   6.1% 6.92% Compare Mortgage Rates from Local Lenders for Jul 24, 2026 Mortgage Rates Recover Modestly From Long-Term Highs Fri, Jul 24, 2026 3:06PM If you're just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The result was the highest 30yr fixed rate in over a year with our index moving up to 6.85%. As has been and continues to be the case, rate momentum has been strongly correlated with oil/gas price momentum. With that in mind, it's no surprise to see rates moving lower on a day where oil prices recovered from their recent highs. That's the good news, and it brings the rate index down 0.04% to 6.81%.  The not-so-good news is that 6.81% is still the highest in more than a year apart from yest... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.81% -0.04 0.00 15 Yr. Fixed 6.34% +0.05 0.00 30 Yr. FHA 6.37% -0.03 0.00 30 Yr. Jumbo 6.90% -0.02 0.00 7/6 SOFR ARM 6.39% -0.16 0.00 30 Yr. VA 6.39% -0.03 0.00 Updates Daily - Last Update: 7/24 Freddie Mac Rate Change Points 30 Yr. Fixed 6.58% +0.03 0.00 15 Yr. Fixed 5.96% +0.03 0.00 Updates Weekly - Last Update: 7/23 Mortgage Bankers Assoc. 30 Yr. Fixed 6.69% +0.04 0.62 15 Yr. Fixed 6.04% -0.01 0.87 30 Yr. Jumbo 6.44% -0.18 0.45 Updates Weekly - Last Update: 7/22 UMBS 30YR 5.5 99.13 +0.13   98.96 101.64 UMBS 30YR 6.0 101.16 +0.08   101.05 102.75 10 YR Treasury 4.679 -0.018   3.948 4.705 Token Support in Bonds After Oil Drops Overnight Fri, Jul 24, 2026 9:56AM It's a straightforward morning in the bond market. We're not seeing any of the sorts of "unseen hand" trading that accounted for the timing of yesterday's pre-market weakness. We simply have oil prices erasing about half of yesterday's rise. Bond yields are trying their best to be able to say the same, but they're not recovering quite as much as oil. It... (read more) MBS Price Change UMBS 5.0 96.77 +0.20 UMBS 5.5 99.13 +0.13 UMBS 6.0 101.16 +0.08 GNMA 5.0 97.12 +0.16 GNMA 5.5 99.56 +0.07 GNMA 6.0 101.64 +0.06 Pricing as of: 7/24 5:54PM EST US Treasury Yield Change 2 YR Treasury 4.336 -0.011 5 YR Treasury 4.430 -0.029 7 YR Treasury 4.548 -0.022 10 YR Treasury 4.679 -0.018 30 YR Treasury 5.159 -0.005 Pricing as of: 7/24 5:54PM EST Other News New Home Sales Regain Some Lost Ground Fri, Jul 24, 2026 1:17PM New home sales rebounded modestly in June, recovering some of the previous month's decline, though activity remained below year-ago levels as elevated mortgage rates and affordability challenges continued to weigh on demand. According to the latest Census Bureau and HUD data, sales of new single-family homes rose to a seasonally adjusted annual rate of 628,... (read more) Refis Take a Back Seat as Purchase Demand Rebounds Fri, Jul 24, 2026 1:04PM Mortgage application activity rebounded last week as stronger home purchase demand offset a modest decline in refinancing, even with borrowing costs climbing to their highest level since last August. The Mortgage Bankers Association (MBA) reported a 1.9% increase in total application volume on a seasonally adjusted basis for the week ending July 17. Purch... (read more) AI, Non-QM Products; Deep Dive on AI; Morgan Stanley Interview on Risk Fri, Jul 24, 2026 11:40AM Odds are, anything you buy was transported using diesel fuel, the price of which has shot up after Russia banned exports of it, impacting farmers, trains, trucks… kind of nearly everything. Today is “Pie and Beer” Day in Utah, aka Pioneer Day, and having parades is costly. It was also celebrated last year, and the year before, and the year before. What were ... (read more) Latest Video Taylor Morrison CEO: Strong housing sales data speaks to desire and need fo... June new home sales exceed expectations S&P Flash U.S. Manufacturing PMI comes in at 53.8 in July Brent crosses $100 as oil prices spike on Houthi strikes Around the Web Investing Live NY Times: Trump meets with top advisors to decide whether to increase military pressure on Iran Investing Live US new-home sales for the month of June 0.628M versus 0.610M estimate Investing Live Pakistan is exploring a path toward a resumption of US – Iran talks. Oil moves lower CNBC Odds of Federal Reserve rate hike surge as oil prices rip higher CNBC The best deal in housing might be a brand-new home how builders are winning over first-time buyers Eye on Housing Acquisitions Increasing Among Home Builders CNBC Treasury yields retreat, 10-year hovers around January 2025 highs BLS Eating the cost: food prices and the COVID-19 pandemic Investing Live The July Flash S&P Global Manufacturing 53.8 vs 54.3 estimate Realtor.com Massachusetts Considers Eliminating Single-Family Zoning in a Bid To Boost Housing Supply BLS Import prices up 7.1 percent from June 2025 to June 2026 Investing Live Crude oil futures settled at $92.19 up $5.36 or 6.17% CNBC Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire

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