•Monitor the Federal Reserve's September FOMC meeting, as cooling labor data has increased the probability of a benchmark rate cut.
•Watch the 10-year Treasury yield for reactions to international geopolitical tensions, which have recently caused 'flight-to-safety' dips in mortgage pricing.
•Track the narrowing spread between mortgage rates and Treasury yields, which could provide additional relief to buyers even if the Fed remains cautious.
Game Plan
•Existing home sales have stabilized at a 4.06 million annual pace, suggesting the market has found a floor despite high rates.
•Inventory levels have reached 4.6 months of supply, moving the market closer to a balanced state not seen in several years.
•The affordability gap is narrowing as starter-home prices are beginning to fall faster than rental rates in major metropolitan areas.
Agent Talk Track
"It sounds like you are feeling a bit stuck because the market feels so different right now. What would happen if we found a home where the monthly payment fits your budget today, even if the news sounds scary? How would you feel about owning a home now while others are still waiting on the sidelines?"
Weekly Briefing
Top insights from the last 7 days
Forbes Advisor • August 17, 2026
Mortgage Rates Dive to Mid-6% Range as Labor Market Cools
Mortgage rates have trended downward following the Federal Reserve's decision to pause rate hikes and assess cooling economic data. The average 30-year fixed-rate mortgage has now settled in the mid-6% range, the lowest level in several months.
The Bottom Line:
Lower rates provide a window for sidelined buyers to lock in more affordable monthly payments before the fall market. LOs should reach out to pre-approved clients who were priced out earlier this year.
National Association of REALTORS® • August 11, 2026
NAR Reports July Existing-Home Sales Stabilize Amid Rising Inventory
Existing-home sales saw a slight monthly dip of 1.7% but remain up 0.7% year-over-year at a 4.06 million annual pace. Unsold inventory sits at a 4.6-month supply, which is unchanged from last month but reflects a more balanced market environment.
The Bottom Line:
The stabilization of sales volume and rising inventory means buyers have more options and less competition than during the pandemic-era frenzy. Realtors can use this 'balanced' narrative to encourage hesitant sellers to list.
National Rents Continue Three-Year Slide as Multifamily Supply Peaks
Median national rents fell to $1,695 in July, marking the 35th consecutive month of year-over-year declines. Increased apartment construction has given renters more leverage, though the gap between renting and buying a starter home is beginning to close in some markets.
The Bottom Line:
While renting is currently cheaper than buying in most metros, the continued decline in home prices in certain areas is making homeownership more competitive. Agents should target long-term renters with data on narrowing monthly cost differences.
Legal Disclaimer: This report is for informational purposes only and does not constitute financial, legal, or investment advice. Mortgage rates and market data are subject to change without notice. All loan programs are subject to credit and property approval. This is not a commitment to lend.
Moxie Mortgage is a division of Nexa Lending, an Equal Housing Lender. NMLS: 1660690