Market Update
The housing market has continued to cool, with home sales remaining at subdued levels and buyer activity staying cautious. The share of homes taking price cuts has increased further, now approaching 40%, as sellers respond to declining demand and shifting market expectations. This ongoing adjustment indicates a more balanced environment, with prices gradually softening across many regions.
Mortgage rates have held steady around 7%, maintaining affordability challenges for prospective buyers. Recent inflation data, which showed inflation easing more than expected, has fueled speculation that the Federal Reserve could pause or delay further rate hikes during its upcoming meetings on June 17 and 18.
Upcoming Economic Data Releases This Week:
Wednesday, June 18: The Federal Reserve’s policy statement following their meeting — providing guidance on future rate moves.
Thursday, June 19: Initial Jobless Claims — weekly update on unemployment insurance filings, offering insights into the labor market’s health.
These reports will be closely watched for signs of economic strength or weakness, which could impact mortgage rates and housing market momentum.
Overall, the sentiment remains cautious, with a trend toward a more balanced market. Buyers may find more opportunities to negotiate, while sellers should stay flexible with pricing. The upcoming Fed meeting and economic data releases will be critical in shaping the housing landscape in the weeks ahead.
This slow rolling movie is not full of a lot of excitement, maybe act two will change everything...
New Fed Chair To Be Picked Soon
Stay Tuned!
This is information is updated weekly on Tuesday's and sometimes throughout the week...
Current:
Interest Rates Insights
Conventional 30 Year Fixed Rates*
6.99%
Conventional 30 Year Fixed Rate is valid as of 06/16/2025
Business Purpose Loan 30 Year Fixed Rates*
7.625%
Business Purpose Loan 30 Year Fixed Rate is valid as of 06/16/2025
Existing Homes Average Value & For Sale Nationwide
$462,876 Median List Price
1,517,987 Homes For Sale Currently Including New Construction
21.8% Homes Price Reduction
As of 06/16/2025 And Based On The National Average. This also does not include new construction homes. Your Market Is Different, If You Want The Exact Number For Your Home, Based On Your Zip Code- Just Give Me A Call 720-365-2018
New Construction Homes Average Value & For Sale Nationwide
Please Take These Numbers With A HUGE Grain Of Salt They Are From The Federal Gov't & Are All Over The Place
$407,200 Average Sales Price UP 3.7% From Last Month
Median Sales Price Is Down $34,700 From The Last Report
$518,400 Average Sales Price UP 1.04% From Last Month.
Average Sales Price Is Down $61,000K From The Last Report
504,000
The Seasonally-Adjusted Estimate Of New Homes At The End Of November
Based On US Census Report release on 5.23.25 This represents a supply of 8.1 Months. Your Market Is Different... If You Want The Exact Percentage Of Homes For Sale In Your Zip Code, Just Give Me A Call 720-365-2018
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I Am Not A Financial Advisor This Information Is To Educate You On Buying Real Estate Whether Is A Primary Or Investment Property Learning How To Qualify And To Help You Plan For Your Future
We believe in making financial information accessible to everyone and giving you the tools to make an informed decision. Let's embark on this journey together, building a stronger, more informed community.
Ready to take the next step? Explore our articles and resources to stay ahead in the ever-evolving mortgage landscape.
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720-365-2018
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Derek L Hendricks
* Conventional 30 Year Fixed Rate is valid as of 1/16/2024. Interest rates are subject to market fluctuations and the rate quoted may not be currently available. Actual rates available may vary based upon a number of factors including your credit rating, size of down payment and other factors. Actual rates and monthly payment available to you may vary based upon a number of factors including your credit rating, size of down payment and other factors. Restrictions may apply. Payments displayed do not include any type of Mortgage Insurance, Taxes or Hazard Insurance payments, if required. Interest Rate is assumed at X.XXX% / X.XXX% Annual Percentage Rate for a 30-Year Fixed refinance loan and up to X.XXX points for the monthly payment calculation. Rate assumes that property being refinanced is an owner-occupied single-family home, assumes an average of $250,000 loan size and a credit score of at least 760 and debt to income of 43% or lower, non-cash out, and an LTV of less than 80%. Monthly payment estimate is excluding Taxes, Insurance and Closing costs and the actual payment obligation will be greater. We may gather information about you including, but not limited to, credit bureau information, information for verification of income, information for appraisal and verification of property being used for collateral. Your income, assets, and debt must meet eligibility requirements as established by Government and/or Lender guidelines. All loan programs, terms and interest rates are subject to change and/or discontinuance without advance notice. Equal Housing Opportunity.
Copyright ©2021 | Rebels Team
Licensed to Do Business | NMLS# 1968315
©2024 Mission Loans, LLC - Corporate NMLS ID # 210853 located at 5 Park Plaza, Ste. 900, Irvine, CA 92614. All rights reserved. For all licenses, visit
http://www.nmlsconsumeraccess.org or www.missionloans.com/state-licensing/. Mission Loans, LLC strives for compliance with all applicable state laws and federal regulations pertaining to mortgage lending, advertising, and marketing laws. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change and/or discontinuance without advance notice. Equal Housing Opportunity. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | MissionLoans
Corporate | NMLS ID 210853
Corporate Address : 5 Park Plaza, Suite 900 Irvine, CA 92614
Copyright ©2021 | Rebels Team
Licensed to Do Business | NMLS# 1968315
©2024 Mission Loans, LLC - Corporate NMLS ID # 210853 located at 5 Park Plaza, Ste. 900, Irvine, CA 92614. All rights reserved. For all licenses, visit
http://www.nmlsconsumeraccess.org or www.missionloans.com/state-licensing/. Mission Loans, LLC strives for compliance with all applicable state laws and federal regulations pertaining to mortgage lending, advertising, and marketing laws. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change and/or discontinuance without advance notice. Equal Housing Opportunity. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | MissionLoans
Corporate | NMLS ID 210853
Corporate Address : 5 Park Plaza, Suite 900 Irvine, CA 92614