New home sales pulled back in April after stronger readings in the prior two months. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjusted annual rate of 622,000 , down 6.2% from March and 11.3% from a year earlier. Inventory moved slightly higher, with the number of new homes for sale rising to 489,000 , up 1.7% from March but still 2.2% below April 2025 levels. At the current sales pace, that left months’ supply at 9.4 months , up from 8.7 months in March and 8.6 months one year ago. Pricing was mixed. The median sales price climbed to $422,500 , up 8.0% from March and 2.2% from a year earlier. The average sales price ticked up to $508,800 , a modest 0.7% monthly gain, though it remained 1.1% below last year’s level. Sales (MoM): -6.2% Sales (YoY): -11.3% Inventory (MoM): +1.7% Inventory (YoY): -2.2% Months’ Supply: 9.4 (up from 8.7 prior month; 8.6 YoY) Median Price: $422,500 Average Price: $508,800

May 29, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.56% -0.03%   5.99% 6.97% 15 Yr. Fixed 6.09% -0.02%   5.55% 6.25% 30 Yr. Jumbo 6.68% -0.02%   6.1% 7.1% Compare Mortgage Rates from Local Lenders for May 29, 2026 Mortgage Rates Set to End Week Much Lower Fri, May 29, 2026 1:34PM While there are still a few hours left in the trading day, it's a near certainty that this week will end with mortgage rates at meaningfully lower levels compared to last Friday. Today is only adding modestly to that trend, but that makes it the 8th straight business day where rates have either held steady or moved lower. On that note, it's possibly worth considering that these sorts of winning streaks have definite life spans. We've certainly seen stretches of more than 10 business days without any upward movement in rates, but they're very rare. Even then, if the streak were to end on Monda... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.56% -0.03 0.00 15 Yr. Fixed 6.09% -0.02 0.00 30 Yr. FHA 6.10% -0.02 0.00 30 Yr. Jumbo 6.68% -0.02 0.00 7/6 SOFR ARM 6.06% -0.01 0.00 30 Yr. VA 6.12% -0.02 0.00 Updates Daily - Last Update: 5/29 Freddie Mac Rate Change Points 30 Yr. Fixed 6.53% +0.02 0.00 15 Yr. Fixed 5.87% +0.02 0.00 Updates Weekly - Last Update: 5/28 Mortgage Bankers Assoc. 30 Yr. Fixed 6.65% +0.09 0.65 15 Yr. Fixed 5.97% +0.04 0.84 30 Yr. Jumbo 6.68% +0.10 0.42 Updates Weekly - Last Update: 5/27 UMBS 30YR 5.0 98.45 +0.12   96.26 100.50 UMBS 30YR 5.5 100.50 +0.09   98.57 101.64 10 YR Treasury 4.439 -0.005   3.948 4.668 Flat Overnight And Slow Start Fri, May 29, 2026 10:03AM Bonds were flat overnight for a change, with just a bit of 2-way volatility but no notable directional movement. Without any new or interesting war-related headlines, what else can we even discuss in May, 2026? There's some econ data in the form of the highest Chicago PMI reading since 2022.  At 62.7 vs a 50.5 forecast, it absolutely obliterated expecta... (read more) MBS Price Change UMBS 4.5 96.09 +0.13 UMBS 5.0 98.45 +0.12 UMBS 5.5 100.50 +0.09 GNMA 4.5 96.28 +0.29 GNMA 5.0 98.83 +0.09 GNMA 5.5 100.64 +0.05 Pricing as of: 5/29 7:01PM EST US Treasury Yield Change 2 YR Treasury 4.001 -0.022 5 YR Treasury 4.143 -0.007 7 YR Treasury 4.284 -0.005 10 YR Treasury 4.439 -0.005 30 YR Treasury 4.976 +0.005 Pricing as of: 5/29 7:01PM EST Other News Inventory Builds as New Home Sales Cool in April Fri, May 29, 2026 1:27PM New home sales pulled back in April after stronger readings in the prior two months. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjusted annual rate of 622,000 , down 6.2% from March and 11.3% from a year earlier. Inventory moved slightly higher, with the number of new homes for sale risi... (read more) No Surprise: Last Week's Higher Rates Hit Refinance Demand Fri, May 29, 2026 1:20PM Mortgage applications fell sharply last week as higher borrowing costs continued to pressure refinance demand, while purchase activity showed a bit more resilience. The Mortgage Bankers Association (MBA) reported an 8.5% decrease in total application volume on a seasonally adjusted basis for the week ending May 22. The decline was driven largely by a stee... (read more) Hedging, Non-QM, FCRA Credit Reports, PreQual, Non-Agency Product News; Capital Markets Fri, May 29, 2026 12:07PM U.S. home foreclosures are accelerating: filings rose 26 percent year-over-year in Q1 2026, to roughly 119k, the highest in six years. It’s expensive to own a home! The last time they hit this level (early 2020), government relief programs and pandemic stimulus caused them to decline. As everyone in our biz knows, the increase has been driven by soaring home... (read more) Latest Video April new home sales miss estimates down 11% year-over-year Fed's Musalem: Inflation above target and real rates are below neutral Oil whipsaws amid conflicting reports from the U.S., Iran on deal progress Consumer confidence stands at 93.1 in May Around the Web Eye on Housing Rent Prices Continue to Rise, While Absorption Remains Low Eye on Housing New Home vs. Existing Home Prices in Q1 2026 CNBC Student loan borrowers will have two new repayment options come July 1. Here's how to pick one Investing Live Fed's Daly says she doesn't see mass unemployment or displacement from AI CNBC Fed Governor Michelle Bowman warns against hiking interest rates because of inflation spike Investing Live Fed's Paulson says healthy for markets to shift to tighter monetary policy outlook Eye on Housing Lowest Saving Rate Since June 2022 Bank of America Closer to home: Americans are moving less and staying local CNBC Treasurys hold steady after yields fall on U.S.-Iran ceasefire talks Investing Live US April wholesale inventories +0.5% vs +0.8% expected Investing Live More from Musalem: Bond market is signaling a resilient economy/higher expected inflation. Investing Live US new home sales for April 0.622 million versus 0.665 million estimate Investing Live Atlanta Fed GDPNow estimate for Q2 comes in at 3.8% down from 4.3%

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