Existing-home sales slipped in August, falling below the 4 million annualized pace for the first time since June 2025, while a sharp increase in inventory gave buyers more options and pushed the supply of homes to its highest level in more than a decade. The National Association of REALTORS® reported a 2.0% decline in sales from July to a seasonally adjusted annual rate of 3.98 million , while sales were 1.2% lower than a year earlier. “Mortgage rates and home sales move in opposite directions, so it's not surprising to see a mild dip in home buying activity due to high mortgage rates,” said NAR Chief Economist Lawrence Yun. He noted that sales are still 1.6% higher year-to-date through the first eight months of the year, with wage growth and job creation helping to support demand despite elevated borrowing costs. Inventory provided a more encouraging development for buyers. Total housing inventory rose to 1.62 million units , up 3.2% from July and 5.9% from a year ago. It was the first time since November 2019 that inventory exceeded 1.6 million units. The increase in supply pushed the market to a 4.9-month supply , up from 4.6 months in both July and August 2025. Yun noted that the current level is the highest in more than ten years and should give buyers more room to negotiate. Despite higher inventory, home prices continued to climb, although the pace of appreciation remained modest. The median existing-home price increased to $429,100 , up 1.6% from August 2025 and marking the 38th consecutive month of year-over-year price increases.

September 11, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.08% +0.01%   5.99% 7.08% 15 Yr. Fixed 6.63% +0.01%   5.55% 6.63% 30 Yr. Jumbo 7.25% +0.05%   6.1% 7.25% Compare Mortgage Rates from Local Lenders for Sep 11, 2026 Mortgage Rates Held Fairly Steady Until Late in The Day Fri, Sep 11, 2026 3:24PM Looked at in a vacuum, and up until the last few hours of the day, Friday was no better or worse than the average day over the past several months. Compared to yesterday morning's levels, the average lender was 0.01% higher--a small enough move to be effectively considered "unchanged."  This expanded to 0.05% in the last few hours as multiple lenders increased rates. In terms of big-picture benchmarks, the increase officially brings rates to their highest levels since early 2025. To be clear, we were just barely lower than May 2025 levels yesterday. Now we're in line February 2025 levels... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.08% +0.01 0.00 15 Yr. Fixed 6.63% +0.01 0.00 30 Yr. FHA 6.64% +0.02 0.00 30 Yr. Jumbo 7.25% +0.05 0.00 7/6 SOFR ARM 6.64% +0.02 0.00 30 Yr. VA 6.66% +0.02 0.00 Updates Daily - Last Update: 9/11 Freddie Mac Rate Change Points 30 Yr. Fixed 6.76% +0.05 0.00 15 Yr. Fixed 6.09% +0.05 0.00 Updates Weekly - Last Update: 9/10 Mortgage Bankers Assoc. 30 Yr. Fixed 6.85% +0.06 0.67 15 Yr. Fixed 6.17% +0.03 0.93 30 Yr. Jumbo 6.74% -0.02 0.63 Updates Weekly - Last Update: 9/9 UMBS 30YR 5.5 97.39 -0.06   97.39 101.64 UMBS 30YR 6.0 99.85 -0.05   99.85 102.75 10 YR Treasury 4.971 +0.005   3.948 4.973 Paradoxical Rally in Bonds Thanks to Higher Fed Hike Odds Fri, Sep 11, 2026 9:43AM We've been saying for a while that the longer end of the bond market really wants to see the Fed get serious about fighting inflation. This is why yields spiked on July 29th when the Fed held rates steady and Warsh said he'd let the bond market do the heavy lifting. Now today, we have back-to-back inflation reports that resulted in Fed Funds Futures pricing ... (read more) MBS Price Change UMBS 5.0 94.70 -0.10 UMBS 5.5 97.30 -0.14 UMBS 6.0 99.80 -0.11 GNMA 5.0 95.20 -0.17 GNMA 5.5 97.91 -0.18 GNMA 6.0 100.26 -0.21 Pricing as of: 9/11 4:09PM EST US Treasury Yield Change 2 YR Treasury 4.647 +0.067 5 YR Treasury 4.793 +0.035 7 YR Treasury 4.878 +0.022 10 YR Treasury 4.976 +0.011 30 YR Treasury 5.359 -0.007 Pricing as of: 9/11 4:09PM EST Other News Existing Home Sales Dip Below 4 Million as Inventory Builds Fri, Sep 11, 2026 2:35PM Existing-home sales slipped in August, falling below the 4 million annualized pace for the first time since June 2025, while a sharp increase in inventory gave buyers more options and pushed the supply of homes to its highest level in more than a decade. The National Association of REALTORS® reported a 2.0% decline in sales from July to a seasonally adjust... (read more) Refi Demand Declining Even Before Most Recent Rate Spike Fri, Sep 11, 2026 2:20PM Mortgage application activity pulled back last week, with a sharp decline in refinancing more than offsetting relatively stable purchase demand as mortgage rates moved higher. The Mortgage Bankers Association (MBA) reported a 2.7% decrease in total application volume on a seasonally adjusted basis for the week ending September 4. Purchase applications wer... (read more) AI Warehouse, Compliance Education Tools; Rocket's Limits; Who is Prepaying; Inflation = Higher Rates Fri, Sep 11, 2026 11:05AM Most of us 30 years old and older have tales about where they were and what they did 25 years ago. Being in capital markets, and selling MBS, for over 40 years, I knew people who died in New York that day. That said, as an industry, we’re very good at looking forward to, and planning for, the future. Minority home ownership is something every major lender is... (read more) Latest Video Consumer prices rose 0.4% in August, as expected; core inflation was higher... Existing home sales fall 2% in August, hitting lowest level in over a year Consumer sentiment fell to 47.8 in September Wholesale inventories rose 1.3% in July, highest level since March Around the Web CNBC Consumer prices rose 0.4% in August, as expected; core inflation was higher than estimated CNBC Heres the inflation breakdown for August 2026 in one chart CNBC The likelihood of a Fed interest rate hike next week just got a lot higher Investing Live Oil falls despite fresh attacks on Saudi energy infrastructure CNBC 30-year fixed mortgage rate tops 7% for the first time in over a year CNBC Friday's CPI inflation report is even more important than usual. Here's what to expect Investing Live US treasury sells $22 billion of 30 year bonds at a high yield of 5.308% Investing Live UMich September consumer sentiment 47.8 vs 51.0 expected CNBC Social Security COLA for 2027 may be 3.5% to 3.6%, new estimates show the highest in 3 years Investing Live US August CPI 3.4% vs 3.4% expected Investing Live US August existing home sales 3.98m vs 3.98m expected CNBC Treasury yields steady as traders await consumer inflation data amid oil price pressure Eye on Housing Energy Prices Rise Again in August

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