Daily Quotes Just Cleared 7%. Inventory Hit a Decade High.
Posted Friday September 11, 2026 in Mortgage
If you glanced at a rate sheet this week and felt your stomach drop, you were not imagining it. Daily mortgage quotes crossed 7% on September 10, according to Mortgage News Daily, touching 7.07%. That is the first time daily averages have cleared that line in about 16 months. Freddie Mac's weekly survey, published the…
Freddie Mac Just Hit 6.71%. The Refinance Door Is Shut.
Posted Friday September 4, 2026 in Mortgage
Freddie Mac's Primary Mortgage Market Survey put the average 30-year fixed rate at 6.71% for the week of September 3, 2026. That is up from 6.66% the week before, and it is the highest Freddie Mac has printed since July 2025. The 15-year fixed also moved higher, to 6.04% from 5.98%. A year ago the…
New Homes Have 9.6 Months of Supply. Resales Do Not.
Posted Friday August 28, 2026 in Real Estate
The existing-home market and the new-home market are not telling the same story this week. On Tuesday the Census Bureau and HUD reported that sales of new single-family houses fell to a 607,000 annual rate in July, down 10.5% from June and 6.3% from a year earlier. Inventory climbed to 488,000 homes. At July's sales…
Your Fall Home Purchase
Posted Friday August 21, 2026 in Mortgage, Real Estate
If you've been watching the housing market this summer with one eye open and the other firmly shut in self-defense, we don't blame you. August 2026 has brought some interesting developments that are worth understanding—especially if you're thinking about making a move before the leaves start falling. Let's break down what's actually happening out there…