07/13/2026
📊 Weekly Mortgage & Housing Market Update
Week of July 13, 2026
Mortgage rates remained relatively stable this week, with the average 30-year fixed mortgage ending the week at 6.64%.
Here's what happened in the market:
🏡 Mortgage applications declined 2.2% overall. Purchase applications dipped 1%, while refinance applications fell 4%.
💳 Consumer credit unexpectedly decreased by $0.18 billion in May, suggesting consumers may be borrowing less than anticipated.
💼 Job market continues to show strength. Both initial and continuing unemployment claims came in lower than expected, pointing to a resilient labor market.
📉 Existing home sales slowed to an annual pace of 4.09 million, down 2.4% from May and below economists' expectations.
What This Means for Buyers and Sellers
While mortgage rates haven't moved much, buyers are still adjusting to today's affordability challenges. At the same time, a strong job market continues to support housing demand. As the market evolves, staying informed and having the right strategy is more important than ever.
If you've been wondering whether now is the right time to buy or sell, I'd be happy to help you understand what these trends mean for your specific situation.