[June 1, 2026

by Moxie Mortgage

THE WEEKLY BRIEFING

MOXIE MINUTE

June 1, 2026

Rate Radar

Conv	6.60%	0.04▲
FHA	6.15%	0.05▲
VA	6.17%	0.05▲
Jumbo	6.70%	0.02▲
10YT	4.477%	0.024▲

Source: Moxie Mortgage | MND

Updated: 01:22 PM

Give your clients the advantage— Moxie more options, faster closings, and real savings at closing and on future refinances.

MoxieMortgage.com

Market Metrics

Existing Home Sales

4.02 Million

Median Home Price

$417,700

Months of Inventory

4.4 Months

Home Value Appreciation

1.27%

Average Rent

$1,667, -1.7% YoY

Local Trends

30-Day Outlook

What to Watch

•Monitor the Strait of Hormuz conflict closely; any de-escalation could lead to a drop in oil prices and bond yields, potentially lowering mortgage rates.

•Watch the June 17 FOMC meeting for signals on whether the cooling labor market will prompt the Federal Reserve to consider a rate cut later this summer.

•Track inventory absorption levels; if the current 4.4-month supply continues to build, expect more sellers to offer price cuts to offset high borrowing costs.

Game Plan

•The housing market is currently in a 'holding pattern' defined by higher rates (6.53%) and record-high prices, creating a growing divide between current owners and first-time buyers.

•Improving liquidity and a 4.4-month inventory supply suggest the market is slowly normalizing, moving away from the extreme scarcity seen in previous years.

•Geopolitical risks in the Strait of Hormuz are currently the primary driver of mortgage rate volatility, overshadowing domestic economic data in the short term.

Agent Talk Track

"It sounds like you're feeling a bit stuck because rates just hit a 9-month high. You're probably wondering if it's even possible to find a good deal right now. What if I told you that because big investors are being pushed out of the market, you actually have more leverage to negotiate a better price today?"

Weekly Briefing

Top insights from the last 7 days

Washington Post • May 28, 2026

Mortgage Rates Hit 9-Month High of 6.53% Amid Strait of Hormuz Crisis

Mortgage rates jumped to 6.53% this week, the highest level since August 2025. The spike is driven by escalating geopolitical tensions in the Strait of Hormuz, which has sent oil prices soaring and rattled the bond market.

The Bottom Line:

Higher rates add hundreds to monthly payments, potentially stalling the spring market. Realtors should prepare clients for continued volatility and emphasize locking in rates before further oil-driven inflation hits.

Read Full Analysis →

Washington Examiner • May 25, 2026

Bipartisan Housing Bill to Ban Institutional Home Buying Passes House

The House passed the '21st Century ROAD to Housing Act' in a resounding 396-13 vote, including a provision to ban large investment firms from purchasing single-family homes. The bill aims to return inventory to individual families and first-time buyers.

The Bottom Line:

If enacted, this could significantly reduce competition for first-time buyers in hot markets. Realtors should watch for a potential shift in inventory availability as institutional demand cools.

Read Full Analysis →

Senator Ventura News • June 1, 2026

Illinois Passes Measure to Curb Corporate Home Buying and Protect Supply

A new Illinois measure passed the Senate to establish a graduated fee on institutional investors and require a 90-day 'open market' listing period. The bill aims to prevent private equity firms from pricing out working families.

The Bottom Line:

This state-level move mirrors national trends and could be a blueprint for other regions. Realtors should prepare for longer listing periods and fewer bulk-cash offers from corporate entities.

Read Full Analysis →

Key Events Dashboard

June 5, 2026

May Employment Situation Report

High

Market Significance:

A cooling labor market could give the Fed more reason to lower rates, providing relief to homebuyers.

June 10, 2026

Consumer Price Index (CPI)

High

Market Significance:

This report will show if oil price spikes from the Strait of Hormuz are already leaking into broader consumer inflation.

June 17, 2026

FOMC Interest Rate Decision

High

Market Significance:

The Fed's stance on current geopolitical risks will be the primary driver for mortgage rate direction in late June.

June 25, 2026

Q1 GDP (Final Estimate)

Medium

Market Significance:

Final confirmation of economic growth levels will help set the stage for the second half of the year's housing demand.

Complicated situation?

Submit the situation to our scenario desk here.

Submit Now

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