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Mortgage rates dipped to 6.47% for the week ending June 18, down 5 basis points from the prior week and well below the 6.81% average recorded during the same period in 2025, according to Freddie Mac. The drop followed President Trump's signing of a 14-point memorandum of understanding with Iran aimed at reopening the Strait of Hormuz and lifting sanctions.

Agents, what would you do with this space? 🤔

First-time buyers tend to assume new construction is out of budget, but the total cost of ownership tells a different story. Builder financing, reduced utility bills, minimal repairs, and warranties can make new homes more competitive than they appear.

🗣️ Agents, how are you discussing new construction with your clients?

More info: https://rltor.cm/4NpQ6r

The housing market is shifting in buyers' favor. Active inventory is up 8.9% compared to last year, home prices have fallen 2.4%, the biggest weekly drop on record since Realtor.com started tracking in 2018, and homes are taking six days longer to sell.

It's the third straight week of price declines, and Realtor.com economists say the slowdown "goes beyond normal seasonality." Mortgage rates are also lower than they were a year ago, with the average 30-year fixed rate at 6.11% for the week ending Feb. 5, according to Freddie Mac.

Read: https://rltor.cm/M9AmRj