Weekly Housing Headlines

Mortgage applications increased 1.0% from one week earlier; new home sales slowed again in May to a seasonally adjusted annual pace of 580,000 homes; new home purchase mortgage applications increased 3.8%; the median U.S. monthly housing payment hit $2,647 during the four weeks ending June 14, its highest level in a year; homebuyer affordability declined in May, with the national median payment applied for by purchase applicants increasing to $2,198 from $2,152 in April; and U.S. home prices increased 0.3% month over month in May.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Professional America - 6/24/2026
Mortgage applications increased 1.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 19, 2026.

New Home Sales Fall in May as Mortgage Rates and Consumer Confidence Take a Toll
Realtor.com - 6/24/2026
New home sales slowed again in May to a seasonally adjusted annual pace of 580,000 homes. This nearly matched the recent low-water mark of 576,000 from January when winter storms froze new home sales.

May New Home Purchase Mortgage Applications Increased 3.8 Percent
Mortgage Bankers Association - 6/18/2026
The Mortgage Bankers Association Builder Application Survey data for May 2026 shows mortgage applications for new home purchases increased 3.8 percent from a year ago. Compared to April 2026, applications decreased by 3 percent.

Housing Payments Hit 1-Year High, Sending Buyers to the Sidelines
Redfin - 6/18/2026
The median U.S. monthly housing payment hit $2,647 during the four weeks ending June 14, its highest level in a year and just about $100 shy of 2023’s all-time high.

Mortgage Application Payments Increased in May
Mortgage Bankers Association - 6/25/2026
Homebuyer affordability declined in May, with the national median payment applied for by purchase applicants increasing to $2,198 from $2,152 in April.

Easing tensions with Iran push mortgage rates lower – but a potential Fed rate hike clouds the outlook
CNN Business - 6/18/2026
The average 30-year fixed mortgage rate fell to 6.47% this week, down from 6.52% last week, which was near the year’s high, according to data released Thursday by Freddie Mac. But the reprieve may not last.

10 things to know about the property market: June 2026
Cotality - 6/25/2026
While the national price trend suggests a slow-moving market, strong gains are defining the Northeast and the Midwest while Florida, New York and Washington D.C. metros face declines.

U.S. home prices hit six-month high on spring mortgage-rate dip
Mortgage Professional America - 6/23/2026
U.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, the fastest growth rate since January, according to a new report from Redfin. Prices rose 2.5% from a year earlier, the fastest year-over-year growth in six months.

NYC Suburbs and the Bay Area Are This Spring’s Most Competitive Housing Markets
Redfin - 6/23/2026
Redfin reports more than half of homes are selling above asking price in Newark, San Francisco, San Jose and Nassau County.

MBA White Paper: Demographic Trends Could Reshape Future Housing Demand
Mortgage Bankers Association - 6/22/2026
A new white paper from the MBA is urging mortgage professionals to look beyond the current supply shortage and prepare for a housing market shaped by fundamentally weaker demand in the decade ahead.