Mortgage Rates Spike to 6.51% — Highest Since September as 10-Year Treasury Surges to 4.66%

Min 1 Freddie Mac's Primary Mortgage Market Survey for week ending May 21, 2026 showed the 30-year fixed-rate mortgage jumped to 6.51%, up from 6.36% the prior week. The 15-year fixed-rate mortgage rose to 5.85% from 5.71%. The 15-basis-

Mortgage Rates Fall to 6.36% But Spring Season Feels Like "Groundhog Day" — Sales Stuck at 4M Pace for Three Years

Min 1 Freddie Mac's Primary Mortgage Market Survey released May 14, 2026 showed the 30-year fixed-rate mortgage averaged 6.36%, down from 6.37% the prior week and down from 6.81% one year ago. The 15-year fixed-rate mortgage averaged 5.71%, compared with

Retail Sales Rose 0.5% in April to $757.1 Billion — But Building Materials Down 0.3% Signals Housing Weakness

Min 1 The U.S. Census Bureau announced on May 14, 2026 advance estimates of U.S. retail and food services sales for April showing $757.1 billion, up 0.5% from previous month and up 4.9% from April 2025. The figures are adjusted for seasonal variation and holiday/

Seller-Buyer Gap Narrows to 46.5% in April as Buyer Demand Surges — First Meaningful Shift in 13 Months

Min 1 Redfin released data on May 14, 2026 showing there were 46.5% more sellers than buyers in April, down from 47.5% in March and down from recent high of 48.9% in December 2025. Asad Khan, Redfin Senior Economist, stated homebuyer demand has been dwindling for months

Mortgage Delinquencies Surge to 4.44% in Q1 2026 — Up 40 Basis Points Year-Over-Year as FHA Loans Deteriorate

Min 1 The Mortgage Bankers Association released its Q1 2026 National Delinquency Survey on May 14 showing the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to seasonally adjusted 4.44% of all loans outstanding at quarter-end. The delinquency rate rose 18 basis points

Existing-Home Sales Fall Below 4 Million Despite Median Price Hitting All-Time April Record of $417,700

Min 1 The National Association of Realtors released April 2026 existing-home sales data showing sales fell to 3.97 million seasonally adjusted annual rate, down from March and short of the 4.12 million pace economists expected according to FactSet. Sales have hovered near 4-million annual pace since

Equity-Rich Homeowners Fall to 43.3% — Lowest Level Since Q4 2021 as Sun Belt Wealth Erodes

Min 1 ATTOM's Q1 2026 U.S. Home Equity & Underwater Report shows just 43.3% of mortgaged residential properties nationwide were equity-rich, down from 44.6% in Q4 2025. This marks the lowest equity-rich rate since Q4 2021 and signals sustained erosion of homeowner wealth

Average Purchase Loan Size Hits $467,300 — Highest in MBA Survey History Dating to 1990

Min 1 The Mortgage Bankers Association reported week ending May 8, 2026 showed average loan size on purchase applications reached $467,300, the highest in the survey's history dating back to 1990. This surpasses all prior records including pandemic-era peaks when home prices spiked 40%+ from 2020-

New-Home Sales Surge 7.4% as Median Price Crashes to $387,400 — Down 6.2% Year-Over-Year

Min 1 The U.S. Census Bureau and HUD released March 2026 new-home sales data on May 5 showing sales surged 7.4% month-over-month to seasonally adjusted annual rate of 682,000. This exceeded February's 635,000 pace and marked 3.3% improvement from March

Mortgage Rates Jump Back to 6.37% After Brief Decline — But New-Home Prices Hit Lowest Level Since July 2021

Min 1 Freddie Mac's May 7, 2026 Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaged 6.37%, up from 6.30% the previous week. The 15-year fixed-rate mortgage rose to 5.72%. The 7-basis-point weekly increase reversed multiple weeks of

Mortgage Rates Jump Back to 6.37% After Brief Decline — But New-Home Prices Hit Lowest Level Since July 2021

Min 1 Freddie Mac's May 7, 2026 Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaged 6.37%, up from 6.30% the previous week. The 15-year fixed-rate mortgage rose to 5.72%. The 7-basis-point weekly increase reversed multiple weeks of

Home Prices Rose in Only 71% of Metros in Q1 2026 — Down From 73% as Price Growth Decelerates to 0.5%

Min 1 The National Association of Realtors' Q1 2026 metropolitan area report shows home prices increased in 167 of 235 metro areas, representing 71% of tracked markets. This marks a decline from 73% in Q4 2025, signaling that fewer metros are experiencing price appreciation as market dynamics shift. The