The market is opening. Opportunity is too.

The Rate Reality

Rate news is mixed. As of June 25, 2026, Freddie Mac reported a 30‑year fixed rate average of 6.49%. It’s higher than the historically low rates we remember from the early 2020s but lower than the same week last year, when they came in at 6.77%.¹

Where will rates go from here?

At their June meeting, the majority of members of the Federal Reserve Board forecast at least one policy rate hike before year’s end. However, geopolitical events often have a greater influence on mortgage rates, so increases are not certain.

Waiting for rates?

If rates are holding you back from making your next move, let’s talk. There are ways to save. Plus, the rate you pay on today’s purchase may bring a lower monthly payment than buying at a higher price tomorrow, even if rates drop.

Affordability is better than it may feel.

• This spring, homebuyers had 3% more purchasing power than a year ago, with the monthly payment on the average-priced home $48 lower than last May.²

• Purchasing the average-priced home requires 29.8% of median household income, down from 31.6% a year ago.²

• Home price appreciation is slowing, yet prices are still rising. Nearly 70% of major markets posted annual gains in May.²

Inventory is slowly opening up.

• More than 37 million homeowners are sitting on mortgage rates below 5%, so would-be sellers have been reluctant to trade for a higher rate.³

• But more owners are finding reasons to move. The supply of homes for sale rose 8% year over year in March.⁴

• Sellers are being more realistic, listing at lower prices and helping buyers with more buydowns, credits, or other concessions.²

Equity as an asset.

• Homeowners who choose to stay with their low rate tapped their equity at the highest first-quarter pace since 2021.²

• Homeowners currently hold $11 trillion in available equity — the amount they can access while still maintaining at least 20% ownership of their home.⁵

The New Construction Opportunity

For about a year, the median price for a new home has been lower than the median price of an existing home.⁶ Plus, 60% of builders offered sales incentives in April 2026 — the 13th consecutive month at or above 60%. And 36% cut prices outright, with average reductions of 5%.⁷

Whether you're ready to buy, thinking about accessing your equity, or just keeping an eye on the market, I'm here to help strategize your next move. Please reach out.