Existing-home sales eased in June after reaching a six-month high in May, as modest changes in mortgage rates continued to influence buyer activity. According to the National Association of REALTORS®, sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million , though they remained 2.8% above their level from a year earlier. “The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions,” said NAR Chief Economist Lawrence Yun. He added that continued job growth should help support housing demand despite ongoing affordability challenges. Housing inventory changed little during the month, suggesting that supply gains may be losing momentum. Total inventory slipped to 1.56 million units , down 0.6% from May but 1.3% higher than a year ago. At the current sales pace, unsold inventory represented a 4.6-month supply , up slightly from May and unchanged from one year earlier. Home prices continued to climb despite softer sales activity. The median existing-home price rose to a new record of $440,600 , up 1.8% from June 2025 and marking the 36th consecutive month of annual price appreciation. Affordability improved compared with a year ago, as wage growth continued to outpace home-price gains. The Housing Affordability Index increased to 102.3 , up from 95.5 a year earlier. Yun cautioned, however, that slowing inventory growth could eventually put renewed upward pressure on home prices if additional supply fails to reach the market.

July 10, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.64% -0.01%   5.99% 6.85% 15 Yr. Fixed 6.19% -0.01%   5.55% 6.25% 30 Yr. Jumbo 6.82% +0.00%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 10, 2026 Mortgage Rates End Week Roughly Unchanged Fri, Jul 10, 2026 2:39PM Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday's latest levels.  All that having been said, bonds experienced some of their own weakness in the afternoon, independent from oil prices (which continued sideways to slightly lower). Some mortgage lenders may choose to raise rates a bit before the end of businesses.  Those who don't will instead have to adjust for this market movement on Monday ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.64% -0.01 0.00 15 Yr. Fixed 6.19% -0.01 0.00 30 Yr. FHA 6.21% -0.02 0.00 30 Yr. Jumbo 6.82% 0.00 0.00 7/6 SOFR ARM 6.23% -0.02 0.00 30 Yr. VA 6.23% -0.02 0.00 Updates Daily - Last Update: 7/10 Freddie Mac Rate Change Points 30 Yr. Fixed 6.49% +0.06 0.00 15 Yr. Fixed 5.82% +0.03 0.00 Updates Weekly - Last Update: 7/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.58% +0.01 0.64 15 Yr. Fixed 5.99% -0.01 0.71 30 Yr. Jumbo 6.50% -0.02 0.42 Updates Weekly - Last Update: 7/8 UMBS 30YR 5.0 97.56 -0.14   96.76 100.50 UMBS 30YR 5.5 99.78 -0.09   98.96 101.64 10 YR Treasury 4.558 +0.004   3.948 4.668 Empty Calendar Leaves Focus on War Headlines Fri, Jul 10, 2026 10:05AM The entire week has been a study in the rekindled love affair between bond yields and oil prices. The latter is fairly flat versus yesterday's latest levels, so it's no surprise to see bonds in the same position. Without anything of note on the econ calendar today, there's no reason to expect any catalyst to have more potential impact than war-related headli... (read more) MBS Price Change UMBS 4.5 95.12 -0.17 UMBS 5.0 97.56 -0.14 UMBS 5.5 99.78 -0.09 GNMA 4.5 95.33 -0.04 GNMA 5.0 98.14 -0.06 GNMA 5.5 100.27 -0.05 Pricing as of: 7/10 6:25PM EST US Treasury Yield Change 2 YR Treasury 4.208 +0.027 5 YR Treasury 4.301 +0.025 7 YR Treasury 4.414 +0.003 10 YR Treasury 4.558 +0.004 30 YR Treasury 5.059 -0.007 Pricing as of: 7/10 6:25PM EST Other News Existing-Home Sales Continue Sideways Trend in June Fri, Jul 10, 2026 2:25PM Existing-home sales eased in June after reaching a six-month high in May, as modest changes in mortgage rates continued to influence buyer activity. According to the National Association of REALTORS®, sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million , though they remained 2.8% above their level from a year earlier. “The bac... (read more) Mortgage Applications Ease During Holiday-Shortened Week Fri, Jul 10, 2026 2:21PM Mortgage application activity slipped modestly last week as both purchase and refinance demand eased during the holiday-shortened period. The Mortgage Bankers Association (MBA) reported a 2.2% decrease in total application volume on a seasonally adjusted basis for the week ending July 3, with results adjusted for the Fourth of July holiday. Purchase appli... (read more) Verification, AI, Prequal Products; STRATMOR Tech Survey; Government Program News Fri, Jul 10, 2026 11:06AM Did you know that 53 percent of statistics are made up on the spot? “Rob, you recently mentioned that 30 percent of repeat buyers paid cash and did not finance their home. Where did that statistic come from?” The most recent Home Buyers and Sellers Report from NAR. If you’d like to see stats based on age, here is as much data as you would like. Lenders and v... (read more) Latest Video Fed: Inflation has risen this year and remains elevated relative to Fed's 2... Trump says U.S. to continue talks with Iran despite scrapped ceasefire June home sales disappoint as prices reach an all-time high Consumer spending sees strongest growth in four years: Bank of America Inst... Around the Web Investing Live 59.0 percent of the population was employed in June 2026 CNBC June home sales disappoint as prices reach an all-time high Eye on Housing 2025 New Single-Family Starts by Census Division CNBC Fed officials were split on direction of interest rates at last meeting, minutes show Investing Live U.S. Treasury auctions off $22 billion of 30 year bonds at a high yield of 5.058% CNBC Treasury yields little changed as investors track Middle East developments CNBC Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a while Eye on Housing Remodeling Market Sentiment Remains in Positive Territory in Second Quarter Investing Live US initial jobless claims 215K versus 218K estimate Investing Live US sells 10-year notes 4.580% vs 4.586% WI CNBC Oil rises as Iran-U.S. tensions raise concerns over supply disruptions Investing Live Fed report to Congress sees 'stepped up' inflation in the spring Investing Live Baker Hughes total rig count +1 at 580

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