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THE WEEKLY BRIEFING
MOXIE MINUTE
July 27, 2026
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Rate Radar
| Conv |
6.80% |
0.01▼ |
| FHA |
6.36% |
0.01▼ |
| VA |
6.37% |
0.02▼ |
| Jumbo |
6.90% |
0.00▲ |
| 10YT |
4.647% |
0.032▼ |
Source: Moxie Mortgage | MND
Updated: 01:24 PM
Give your clients the advantage— Moxie more options, faster closings, and real savings at closing and on future refinances.
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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
0.8% YoY
Average Rent
$1,692, -1.5% YoY
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30-Day Outlook
What to Watch
•FOMC Meeting (July 29): Watch for the Federal Reserve's stance on a potential September rate cut following the largest monthly inflation decline since 2020.
•Geopolitical Volatility: Monitor the conflict in Iran, as rising oil prices could put upward pressure on inflation and bond yields, keeping mortgage rates sticky.
•Inventory Absorption: Watch if the recent uptick in active listings continues to outpace demand, which would further empower buyers to negotiate concessions.
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| Game Plan |
•The housing market is currently in a 'Great Stall,' with elevated mortgage rates and record-high prices pushing pending sales to a three-month low.
•A significant geographic split is widening, where affordable Midwestern markets maintain growth while high-cost coastal and Sun Belt regions face inventory-driven cooling.
•Despite tepid sales activity, structural inventory remains low at 4.6 months, preventing a broad price correction even as buyer leverage increases.
Agent Talk Track
| "It sounds like you're feeling a bit uneasy about the record-high prices and where rates are sitting right now. Is it that you're worried about making a mistake, or is it the monthly payment that feels like the biggest hurdle? How would it change your mind if we looked at the fact that you have more room to negotiate today than we've seen in years?" |
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Weekly Briefing
Top insights from the last 7 days
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Redfin • July 23, 2026
Redfin Reports Pending Home Sales Fall to 3-Month Low
U.S. pending home sales fell 1.3% week-over-week to their lowest level in three months as mortgage rates hit an 11-month high of 6.55%. Home prices remain stubbornly high, sitting just $900 shy of their all-time peak, while economic uncertainty is driving many buyers to the sidelines.
The Bottom Line:
This indicates a shift in leverage; agents should advise buyers that homes sitting for more than a few weeks now offer significant room for price and concession negotiations.
Florida Trend • July 27, 2026
Florida Home Prices Hit New Record as Sales Keep Climbing
Florida's housing market reached a new record median sale price of $432,000 in June, marking the 10th straight month of year-over-year sales growth. Despite the high prices, experts suggest the market is maturing into a healthier balance with more negotiating power for buyers.
The Bottom Line:
For agents in high-demand states, this proves that strong local demand can sustain price growth even when national trends show a slowdown.
TheStreet • July 25, 2026
Americans Face Uncomfortable Decision After Housing Market News
Recent data showing a decline in pending home sales is forcing buyers to decide between waiting for potential rate cuts or acting now while they have increased leverage. Sellers who don't have to move are increasingly choosing to stay put, leading to the lowest level of new listings since the start of 2026.
The Bottom Line:
LOs and Realtors must help clients navigate the 'wait-and-see' trap by highlighting that lower rates in the future will likely bring back intense competition.
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| July 28, 2026 |
S&P Case-Shiller Home Price Index |
High |
Market Significance:
This report will confirm if the national home price growth is continuing to moderate or if the spring surge had more staying power than expected.
| July 29, 2026 |
FOMC Meeting and Interest Rate Decision |
High |
Market Significance:
While a hike is unlikely, the Fed's commentary on inflation cooling will be the primary driver for mortgage rate movement in August.
| July 30, 2026 |
2Q GDP Advance Estimate |
High |
Market Significance:
A strong GDP reading could signal a resilient economy that might delay rate cuts, while a weak reading could accelerate the timeline for lower mortgage rates.
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Complicated situation?
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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
© 2026 Moxie Mortgage. All rights reserved.
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