06/19/2026
Good morning from Velvet Realty Group. Here are 3 real estate updates we’re watching for Greater San Antonio today:
- Mortgage rates eased a bit this week. Freddie Mac says the average 30-year fixed rate moved down to 6.47% as of June 18, 2026. Why it matters: this does not change affordability overnight, but it can help buyers who are close on monthly payment and gives move-up buyers a reason to revisit their numbers.
- The Fed held rates steady on June 17. The Federal Reserve kept its target range at 3.5% to 3.75% and said inflation is still elevated. Why it matters: mortgage rates do not move in lockstep with the Fed, but this is a reminder that rate swings may continue and both buyers and sellers should expect a market that still reacts quickly to economic news.
- San Antonio is still giving buyers more room than last year. Redfin shows the local median sale price at about $259,844 in May 2026, down 2.6% year over year, with homes taking about 73 days to sell. Texas A&M also reports more inventory and a much smaller gap between new construction and resale pricing. Why it matters: buyers may have more negotiating room, and sellers need to price carefully from day one.
If you want help making sense of what this means for your move, call or message Velvet Realty Group.
