http://www.mortgagenewsdaily.com/newsletter/n Mortgage Newsletters Archive https://www.mortgagenewsdaily.com/newsletter/n/20260710 Fri, 10 Jul 2026 04:00:00 GMT Fri, 10 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260710 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 Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260709 Thu, 09 Jul 2026 04:00:00 GMT Thu, 09 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260709 Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with the average lender dropping 0.03% to 6.5% for a top-tier 30yr fixed scenario. One reason for caution is that the rate improvement looks to be dependent on oil price volatility after this week's resurgence in U.S./Iran tensions. Oil finally moved lower today. In general, lower oil prices imply lower inflation pressure, and lower rates. This isn't always the case, but there are times (like this week and many of the weeks since the start of the Iran war) where oil prices and rates are clearly correlated.  In the bigger picture, rates are drifting sideways in a narrow range near 10-month highs as they wait for more concrete inspiration. Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260708 Wed, 08 Jul 2026 04:00:00 GMT Wed, 08 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260708 Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and Iran see a resurgence. As far as the underlying bond market is concerned, most of the damage was done yesterday. But today's news added emphasis when Trump declared the ceasefire to be over. Rates are based on bonds, but mortgage lenders prefer to set rates once per day and only change them if bonds make a big enough intraday move. That meant the average lender had to play some catch-up with bond market movement this morning.   All that to say that bonds didn't have nearly as rough of a day today even though mortgage rates rose just a bit more than they did yesterday. Perhaps that offers some hint that the underlying market may be reaching some sort of supportive ceiling, but Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260707 Tue, 07 Jul 2026 04:00:00 GMT Tue, 07 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260707 It's been a while since oil prices were the focal point of the interest rate conversation, but that recently familiar dynamic is once again playing out. The U.S./Iran peace deal is on increasingly shaky ground and the ability for oil to flow through the Strait of Hormuz has been increasingly compromised over the past 24 hours. Most recently, headlines suggest the U.S. is withdrawing authorization for Iran to export oil after Iran's recent attacks on cargo vessels. Rising oil prices imply higher inflation. Higher inflation leads to higher rates, all else equal. At the time of this article, the net effect on mortgage rates is modest with the top tier 30yr fixed rate only up 0.04% for the average lender. That said, many lenders may issue late day changes that push rate even higher.  [t Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260706 Mon, 06 Jul 2026 04:00:00 GMT Mon, 06 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260706 Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates , but this time around, things have been very calm. The average top-tier 30yr fixed rate remained almost perfectly flat versus last Thursday with the MND index technically falling by 0.01%. This week's calendar of scheduled events is less consequential than last week's. After today, there is essentially no big-ticket economic data. In the bigger picture, 30yr fixed rates are near the center of their range over the past 6-7 weeks.  Collectively, that range represents the highest levels in roughly 10 months with 30yr fixed rates averaging just over 6.6%. [thirtyyearmortgagerates] Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260702 Thu, 02 Jul 2026 04:00:00 GMT Thu, 02 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260702 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 h Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260701 Wed, 01 Jul 2026 04:00:00 GMT Wed, 01 Jul 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260701 In a real sense, today's rate update is more of an addendum to yesterday's rate update. Yesterday afternoon saw heavy, continued selling in the bond market amid a flood of trading associated with the end of the quarter. Because mortgage rates are directly based on the bond market, this resulted in multiple lenders raising rates late in the day (after yesterday's update).  Today has been much calmer by comparison with bonds holding fairly close to yesterday's latest levels after some early weakness. Even so, there was still some weakness for mortgage lenders to account for. From yesterday morning, the average lender is up 0.11% on a top tier 30yr fixed quote.   If we adjust yesterday afternoon to account for the late day reprices, today's rates are, instead, 0.05% higher. Either wa Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260630 Tue, 30 Jun 2026 04:00:00 GMT Tue, 30 Jun 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260630 Starting last Thursday, mortgage rates have barely budged. In terms of our 30yr fixed index, the maximum day-over-day change has been 0.02% since then. The past 3 business days have seen rates either hold steady or move cautiously lower. Today's rates moved higher, but at just as slow a pace. The underlying bond market primarily took cues from trading motivations that didn't have anything to do with typical considerations like economic data and news headlines. As we discussed last week, some of the world's biggest investment accounts have been in the process of rebalancing their portfolios for the end of Q2. This was helpful for rates last week, but the opposite was true today. To a lesser extent, bonds lost some ground after this morning's job openings data for the month of May. Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260629 Mon, 29 Jun 2026 04:00:00 GMT Mon, 29 Jun 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260629 Mortgage rates ended last week at the lowest level since May 14th. Most of the recent drop happened last Wednesday, but each day since then has added a microscopic improvement. Today was no exception with the 30yr fixed rate index falling a mere 0.01%--the lowest increment we measure. The calendar of economic events was completely empty and consequential news headlines were just as scarce. This will change over the next 3 days on at least one front. Big-ticket econ data comes out on each of the next 3 mornings. Thursday's jobs report is typically the most important scheduled monthly data, but each day carries at least some risk for volatility. Why only 3 more days this week? Because Friday is closed for the Independence Day observance. And when the bond market is closed, mortgage Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260626 Fri, 26 Jun 2026 04:00:00 GMT Fri, 26 Jun 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260626 New home sales weakened further in May, extending the pullback seen over the past several months as elevated mortgage rates and affordability pressures continued to weigh on buyer demand. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjusted annual rate of 580,000 , down 7.3% from April and 6.8% from a year earlier. Inventory continued to build, with the number of new homes for sale rising to 496,000 , up 2.3% from April, though still 1.4% below May 2025 levels. At the current sales pace, that left months' supply at 10.3 months , up from 9.3 months in April and 9.7 months one year ago. Home prices moved higher in May. The median sales price increased to $424,900 , up 2.0% from April and essentially Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter