[July 13, 2026] Moxie Minute

by Robert Lucido Jr

THE WEEKLY BRIEFING

MOXIE MINUTE

July 13, 2026

Rate Radar

Conv	6.75%	0.11▲
FHA	6.25%	0.04▲
VA	6.26%	0.03▲
Jumbo	6.87%	0.05▲
10YT	4.624%	0.055▲

Source: Moxie Mortgage | MND

Updated: 05:29 PM

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Market Metrics

Existing Home Sales

4.09 million

Median Home Price

$440,600

Months of Inventory

4.6 months

Home Value Appreciation

1.27%

Average Rent

$1,667, -1.7% YoY

Local Trends

30-Day Outlook

What to Watch

•Monitor the July 14th CPI inflation report closely; a reading higher than expected could push the 30-year fixed rate back toward 7%.

•Watch the implementation of the 21st Century ROAD to Housing Act, as its supply-side incentives may begin to impact local inventory levels by late Q3.

•Keep an eye on the 10-year Treasury yield, which is currently volatile due to geopolitical tensions and surging oil prices.

Game Plan

•The passage of the 21st Century ROAD to Housing Act marks a massive federal shift toward increasing supply through manufactured housing and repair grants.

•Home prices have reached a new record high of $440,600, proving that limited inventory continues to exert upward pressure despite high mortgage rates.

•The market remains extremely sensitive to interest rate volatility, with even minor fluctuations causing significant pullbacks or surges in buyer demand.

Agent Talk Track

"It sounds like you're worried about buying while prices are at an all-time high. How would it feel to get your dream home now and just change your loan later when rates go down? What happens if you wait and then have to fight ten other families for the same house?"

Weekly Briefing

Top insights from the last 7 days

Inman • July 13, 2026

21st Century ROAD to Housing Act Becomes Law Without Trump's Signature

The most significant housing legislation in a generation took effect this weekend after a 10-day constitutional deadline passed. The law includes 50 measures to boost supply, including easier paths for manufactured housing and grants for home repairs.

The Bottom Line:

This law could significantly increase inventory in the long term, providing agents with more 'starter home' options to sell to first-time buyers.

Read Full Analysis →

National Association of REALTORS • July 9, 2026

Existing Home Sales Fall 2.4% in June as Prices Hit All-Time High

June sales of previously occupied homes dropped to an annual rate of 4.09 million units. Despite the slump, the national median sales price climbed 1.8% to a record $440,600.

The Bottom Line:

Agents must manage seller expectations; while prices are at record highs, the lower sales volume means homes are sitting on the market longer.

Read Full Analysis →

CBS News • July 10, 2026

Mortgage Rates Hover Near 6.5% Ahead of Critical Inflation Data

Mortgage rates have stabilized around 6.5% after a volatile month driven by oil price surges. Borrowers are now waiting for the July 14 inflation reading to determine the next move for the Fed.

The Bottom Line:

Loan Officers should prepare clients for potential rate swings next week, as the upcoming CPI report will dictate short-term affordability.

Read Full Analysis →

Key Events Dashboard

July 14, 2026

June Consumer Price Index (CPI) Report

High

Market Significance:

This report is the primary driver for mortgage rates; a cooling trend could lead to an immediate drop in borrowing costs.

July 31, 2026

FOMC Interest Rate Decision

High

Market Significance:

The Federal Reserve's stance on current inflation surges will determine the long-term trajectory of the housing market's recovery.

August 7, 2026

July Employment Situation Report

Medium

Market Significance:

Strong job growth supports homebuyer demand but also risks keeping inflation higher for longer.

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MOXIE MINUTE

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