Home price appreciation remained subdued in April, as the latest data from both FHFA and the S&P Cotality Case-Shiller Home Price Indices continued to point to a housing market with little overall momentum. While annual price growth improved modestly from the prior month in both reports, elevated mortgage rates and ongoing affordability challenges continued to keep appreciation well below historical norms. FHFA reported that U.S. house prices declined 0.1% on a seasonally adjusted basis in April, marking the first monthly decline since last summer. March's gain was also revised higher to 0.2% . Despite the monthly pullback, national home prices were still 2.0% higher than one year earlier, a slight improvement from March's annual pace. Regional results remained highly uneven. Among the nine census divisions, monthly price changes ranged from a 1.0% increase in New England to a 0.8% decline in the Mountain division. On an annual basis, the East North Central division continued to lead with 4.4% appreciation, while the Pacific division posted the weakest annual gain at just 0.2% . The S&P Cotality Case-Shiller U.S. National Home Price Index painted a similar picture. The national index rose 0.8% year over year in April, up slightly from March's 0.7% increase. Annual gains also strengthened modestly in the major metro composites, with the 10-City Composite rising 1.8% and the 20-City Composite increasing 1.1% .

July 2, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.60% -0.05%   5.99% 6.85% 15 Yr. Fixed 6.17% -0.02%   5.55% 6.25% 30 Yr. Jumbo 6.77% -0.03%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 2, 2026 Mortgage Rates Recover Somewhat Thu, Jul 2, 2026 1:05PM Today is a half day for financial markets, which is a typical feature of a federal holiday weekend. Because tomorrow is fully closed, the big jobs report (normally a Friday affair) was instead released this morning. It ended up helping rates move lower. The jobs report (officially "The Employment Situation") measures new jobs created (or lost) each month in addition to the unemployment rate. The job count was much weaker than expected and, although the unemployment rate technically dropped, it did so for the wrong reasons (fewer people considered themselves part of the workforce). In fact, if... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.60% -0.05 0.00 15 Yr. Fixed 6.17% -0.02 0.00 30 Yr. FHA 6.17% -0.05 0.00 30 Yr. Jumbo 6.77% -0.03 0.00 7/6 SOFR ARM 6.33% -0.02 0.00 30 Yr. VA 6.19% -0.05 0.00 Updates Daily - Last Update: 7/2 Freddie Mac Rate Change Points 30 Yr. Fixed 6.43% -0.06 0.00 15 Yr. Fixed 5.79% -0.05 0.00 Updates Weekly - Last Update: 7/2 Mortgage Bankers Assoc. 30 Yr. Fixed 6.57% -0.02 0.65 15 Yr. Fixed 6.00% -0.02 0.75 30 Yr. Jumbo 6.52% 0.00 0.38 Updates Weekly - Last Update: 7/1 UMBS 30YR 5.0 98.09 +0.05   96.76 100.50 UMBS 30YR 5.5 100.26 +0.06   98.96 101.64 10 YR Treasury 4.486 +0.005   3.948 4.668 Red Night, Green Morning After Weaker Jobs Data Thu, Jul 2, 2026 9:05AM Bonds continued drifting gently higher in the overnight session with 10yr yields just barely edging above 4.50% before today's big jobs report (the only calendar event of note before the holiday weekend). The reaction is perfectly reasonable given the data results. The payroll count was weaker (57k vs 110k, with another -71k of revisions) and bonds rallied i... (read more) MBS Price Change UMBS 4.5 95.63 +0.00 UMBS 5.0 98.09 +0.05 UMBS 5.5 100.26 +0.06 GNMA 4.5 95.80 -0.03 GNMA 5.0 98.52 +0.14 GNMA 5.5 100.31 -0.03 Pricing as of: 7/2 6:02PM EST US Treasury Yield Change 2 YR Treasury 4.137 -0.037 5 YR Treasury 4.232 -0.003 7 YR Treasury 4.355 +0.004 10 YR Treasury 4.486 +0.005 30 YR Treasury 4.978 +0.007 Pricing as of: 7/2 6:02PM EST Other News Home Prices Growing Slower, But Outright Prices Still at All-Time Highs Thu, Jul 2, 2026 11:40AM Home price appreciation remained subdued in April, as the latest data from both FHFA and the S&P Cotality Case-Shiller Home Price Indices continued to point to a housing market with little overall momentum. While annual price growth improved modestly from the prior month in both reports, elevated mortgage rates and ongoing affordability challenges co... (read more) Mortgage Applications Flat, Purchase Activity Edges Higher Thu, Jul 2, 2026 11:50AM Mortgage application activity was essentially unchanged last week, as a modest increase in purchase demand offset a slight decline in refinancing. The Mortgage Bankers Association (MBA) reported a 0.04% increase in total application volume on a seasonally adjusted basis for the week ending June 26. Purchase activity provided the week's modest support. The... (read more) Younger Borrower, Medical Professional; Full Loan Cycle AI; CEO Kim Nelson Interview; Non-Agency News Thu, Jul 2, 2026 11:43AM The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2026. The OCC Mortgage Metrics Report, First Quarter 2026 showed that 97.7 percent of mortgages included in the report were current and performing at the end of the quarter, a slight increase from 9... (read more) Latest Video Former Fed Vice Chair Roger Ferguson reacts to June jobs report Kevin Warsh is very much focused on AI's impact to labor markets, says Fed'... Experts weigh in on June jobs report U.S. factory orders fall 1.3% in May Around the Web CNBC U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% CNBC Demand for riskier mortgages drops, as their advantages shrink Marketwatch Oil posts largest quarterly price drop in 6 years as historic supply crunch eases CNBC GM reports 4.2% decline in Q2 U.S. sales as EV demand falls CNBC U.S. Treasury yields rise as investors await June jobs report CNBC Fed Chief Kevin Warsh set to give view on rates, central bank overhaul at ECB forum: Live updates Eye on Housing Residential Construction Spending Increases in May Due to Remodeling CNBC Private payrolls rose by 98,000 in June, less than expected, ADP reports CNBC U.S. auto industry faces more uncertainty without extension of USMCA trade deal Investing Live US ISM Manufacturing PMI for June 53.3 versus 54.0 estimate S&P Global US manufacturing growth expands solidly despite renewed fall in employment and waning optimism CNBC U.S. Treasury yields edge higher as investors await Fed Chair Warshs talks in Europe Investing Live US construction spending for May 0.1% versus 0.1% expected

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