Here is your real estate news for Wednesday, June 18, 2025:
Top Real Estate News (June 18th, 2025):
Housing Market Strains Signal Broader Economic Risks: The U.S. housing market is flashing warning signs. A record gap of nearly half a million more sellers than buyers in April highlights waning demand. Existing-home sales are trending toward 30-year lows, while affordability remains a major drag on activity.
Mortgage Rates Ease Slightly Ahead of Fed Meeting: Average mortgage rates have declined modestly for the third week in a row, offering slight relief for borrowers as Treasury yields retreat. However, rates remain historically high, keeping many buyers on the sidelines.
Home Listings Climb Despite Buyer Hesitation: U.S. housing inventory has surged to a record $700 billion in listed property, but 44% of homes are now sitting on the market for more than 60 days. Demand remains subdued heading into summer.
Mortgage Rates (June 18th, 2025):
Mortgage rates have ticked down slightly, continuing a three-week easing trend, though they remain just under the 7% threshold.
30-Year Fixed: 6.81% (down from 6.84% a week ago)
15-Year Fixed: 5.96% (down from ~6.00% a week ago)
Jumbo 30-Year Fixed: 6.87% (down from ~6.92% a week ago)
10-Year Treasury Yield: 4.35% (as of June 17th)
Thanks for reading,
Chris
