Existing-home sales pulled back sharply in January, quickly dashing any hopes that December’s year-end rebound brought, as harsh winter weather and still-tight supply conditions weighed on activity. Sales fell 8.4% to a seasonally adjusted annual rate of 3.91 million, the lowest levels since November 2024. According to the National Association of Realtors (NAR), transactions were also 4.4% lower than the same time last year, with every region posting both month-over-month and year-over-year declines. “The decrease in sales is disappointing,” said NAR Chief Economist Lawrence Yun. Perhaps an understatement, especially after the strong showing last month. He added that affordability is nevertheless improving, with wage gains outpacing price growth and mortgage rates running lower than a year ago, though supply remains limited. Inventory dipped slightly from December but stayed above year-ago levels. Total housing inventory registered at 1.22 million units, down 0.8% from the prior month and up 3.4% from January 2025. The months’ supply of unsold homes increased to 3.7 months, up from 3.5 months in December. Price pressures persisted. The median existing-home price for all housing types rose to $396,800, up 0.9% from a year earlier and marking the 31st consecutive month of annual gains. Yun noted that homeowners continue to build substantial equity, estimating that the typical owner has accumulated more than $130,000 in housing wealth since early 2020.

February 13, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.04% -0.06%   6.01% 7.08% 15 Yr. Fixed 5.61% -0.08%   5.55% 6.48% 30 Yr. Jumbo 6.27% -0.02%   6.1% 7.39% Compare Mortgage Rates from Local Lenders for Feb 13, 2026 Mortgage Rates Oh So Close to 3 Year Lows Fri, Feb 13, 2026 2:07PM When the administration announced that Fannie and Freddie would be buying mortgage-backed securities in early January, rates fell sharply to the lowest levels in more than 3 years. After a moderate rebound the following week, we've been holding mostly steady in a range that was 0.1-0.2 above those long-term lows. The past two days have brought enough improvement that the average lender is once again at levels that are close enough to the long-term lows seen on January 9th and 12th. What accounts for the strength? In today's case, incremental gains were driven by a tame reading in January's C... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.04% -0.06 0.00 15 Yr. Fixed 5.61% -0.08 0.00 30 Yr. FHA 5.62% -0.05 0.00 30 Yr. Jumbo 6.27% -0.02 0.00 7/6 SOFR ARM 5.37% -0.11 0.00 30 Yr. VA 5.64% -0.05 0.00 Updates Daily - Last Update: 2/13 Freddie Mac Rate Change Points 30 Yr. Fixed 6.09% -0.02 0.00 15 Yr. Fixed 5.44% -0.06 0.00 Updates Weekly - Last Update: 2/12 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 100.33 +0.09   95.71 100.50 UMBS 30YR 5.5 101.56 +0.04   98.11 101.64 10 YR Treasury 4.049 -0.051   3.932 4.590 Bonds Rally, Ignoring Surge in SuperCore CPI Fri, Feb 13, 2026 9:55AM CPI came in just a hair below forecasts at the headline level and right in line with forecasts at the core level (unrounded .295 vs .300). Shelter components continued lower with Owners' Equivalent Rent at 0.220 (basically a cycle low if we ignore the low quality data collection surrounding the government shutdown). The only potential hurdle for the bond mar... (read more) MBS Price Change UMBS 4.5 98.66 +0.17 UMBS 5.0 100.33 +0.09 UMBS 5.5 101.56 +0.04 GNMA 4.5 98.61 +0.20 GNMA 5.0 100.37 +0.04 GNMA 5.5 101.31 +0.03 Pricing as of: 2/14 8:10AM EST US Treasury Yield Change 2 YR Treasury 3.410 -0.043 5 YR Treasury 3.606 -0.050 7 YR Treasury 3.809 -0.056 10 YR Treasury 4.049 -0.051 30 YR Treasury 4.694 -0.043 Pricing as of: 2/14 8:10AM EST Other News Not So Fast: January Existing-Home Sales Give Back December’s Gains Fri, Feb 13, 2026 1:54PM Existing-home sales pulled back sharply in January, quickly dashing any hopes that December’s year-end rebound brought, as harsh winter weather and still-tight supply conditions weighed on activity. Sales fell 8.4% to a seasonally adjusted annual rate of 3.91 million, the lowest levels since November 2024. According to the National Association of Realtors... (read more) LOS, Guideline, AI Search, Non-QM Pricing Products; FSBO.com Acquired; Thoughts on Measuring Creditworthiness Fri, Feb 13, 2026 10:58AM Products, Services, and Software for Brokers and Lenders QC works as an early warning system, but it only creates value when findings are recognized, validated, and turned into action. As agency expectations continue to shift, lenders are being asked to show not just findings, but proof of a thoughtful response. Join Indecomm in March for a QC Fireside Cha... (read more) Latest Video Consumer prices rose 2.4% annually in January, less than expected Housing not in crisis but first-time buyers are being squeezed: Serhant Rea... Treasury sells $25B in 30-year bonds Jobless claims dip but run higher than expected Around the Web Realtor.com Major American Homebuilder To Be Acquired by Japanese Firm in $4.5 Billion Deal CNBC Consumer prices rose 2.4% annually in January, less than expected CNBC Trump tariffs leave importers with record-breaking $3.5 billion U.S. Customs bond funding shortfall CNBC Heres the inflation breakdown for January 2026 in one chart CNBC January homes sales tank more than 8%, as Realtors say potential buyers are 'struggling' CNBC The January CPI inflation report is due out Friday morning. Here's what it's expected to show NY Fed Who Is Paying for the 2025 U.S. Tariffs? CNBC Treasury yields inch higher as key consumer inflation report comes into focus Bipartisan Policy Center What’s in the Housing for the 21st Century Act? Investing Live Fed's Schmid: Further rate cuts could allow higher inflation to persist for longer CNBC Treasury yields edge lower as investors look ahead to key inflation report Breaking The News US initial jobless claims down by 5,000 to 227,000 Eye on Housing Low-Rise Multifamily Shows Strength at End of 2025; Other Segments Weak

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