Mortgage rates hold steady as inflation hits 3-year high
While energy prices pushed overall inflation up to 4.2% in May, core inflation was lower than expected, possibly staving off a near-term rate hike by the Fed.
June 10, 2026
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Zillow rival asks judge to deny injunction in MRED listings battleCoStar, which operates competing portal Homes.com, filed a brief on Wednesday saying the court shouldn’t reward Zillow’s “own anticompetitive conduct.”June 10, 2026
- Existing home sales rose in May, but momentum may not lastSale closings likely benefitted from an earlier drop in mortgage rates. With rates back on the rise, the coming months may be slow for existing home sales.June 9, 2026
- Housing market improvements stall compared to 2025 gainsMay data shows an uptick in existing home sales as pending sales stay flat — signs that buyers and sellers have little momentum this spring homebuying season.June 8, 2026
- Compass reportedly facing antitrust scrutiny in NYThe state Attorney General’s office is gathering information about Compass’ market share in NYC following its acquisition of Anywhere, The Real Deal reported.June 3, 2026
- Housing inventory lagging for first time in 4 yearsThe market has about 1% less inventory now than a year ago, Compass’ chief economist said. If the trend continues, buyers may see prices start to rise again.June 2, 2026
- Existing home prices outpace new homes for 4th straight quarterThe quirky trend can be explained in part by the flexibility of home builders as they navigate higher material costs and persistent economic uncertainty.May 29, 2026
- NAR throws its support behind MLSs in statement to fedsThe MLS is pro-consumer, NAR told the DOJ and FTC, and requested guidance on how to promote cooperation without "facilitating coordination among competitors."May 28, 2026
- Homebuyer ‘malaise’ evident as sales, applications fallWith mortgage rates still elevated, pending and new home sales — along with mortgage applications — have all trended down as affordability weakens.May 28, 2026
- Housing market won’t be affordable for at least 7 years: ReportShifts in household incomes, home prices and mortgage rates will be key to housing affordability improvements in the next decade, according to Oxford Economics.May 27, 2026
- Data offers ‘credible signal’ of returning homebuyer demandContract signings remain sluggish compared to pre-pandemic norms, but new data suggests 2026 has shown improvement over the past few spring homebuying seasons.May 23, 2026
- Rates up, sales down as ‘housing market tug of war’ continuesPending sales and purchase applications fell this week as average mortgage rates topped 6.5%, narrowing “the pool of buyers who can make the numbers work.”May 21, 2026
- Builders lack ‘conviction’ amid high costs, consumer cautionThough construction activity in April was mixed, recent data indicates home builders are being cautious about the types of projects they’re willing to take on.May 21, 2026
- Zillow responds to FTC claims as antitrust case moves forwardNow that its motion to dismiss the case has been denied, the home search giant has issued a response to the federal agency’s antitrust allegations.May 20, 2026
- Housing market still out of alignment despite affordability gainsA new Listing-Income Alignment Score finds “a shortage of options” for buyers looking to purchase a home they can afford, according to NAR and Realtor.com.May 20, 2026
- Google home listings are back in 8 major marketsThe pilot program keeps agents “at the center of the transaction” and gives consumers a “simpler” experience, said HouseCanary, which powers the listings.May 18, 2026
- Redfin debuts ‘Early Access,’ giving homesellers ‘more control’“Early Access” gives homeowners who “want to sell, but are not ready to commit to full exposure” more options, Chief of Real Estate Services Jason Aleem said.May 18, 2026
- Mortgage rates jump as inflation reality sets inWith no end in sight for the war in Iran, investors are growing increasingly nervous about how sky-high energy prices are impacting the U.S. economy.May 15, 2026
- Are homebuyers ready to look past current market conditions?Rising pending sales and loan activity suggests some buyers have “shrugged off the current economic and mortgage rate uncertainties and returned to the market.”May 14, 2026
- Homie takes ‘conspiracy’ argument to appeals courtIn making its case against NAR, Anywhere, REMAX and HSoA, the flat-fee brokerage claimed Realtors conspired to boycott the firm due to its low commission rates.May 14, 2026
