06/15/2026
β MONDAY MARKET UPDATE with Rick & Kimber! β
Happy Monday, Northern Utah! Grab your coffee because there's a LOT happening in real estate right now π
**π Utah Mortgage Rates Today:**
π 30-Year Fixed: ~6.4% to 6.5%
π 15-Year Fixed: ~5.7% to 5.9%
π Still nearly HALF A PERCENT lower than this time last year π
**π‘ BUYERS, this one's for you:**
National list prices just dropped 2.4%. That's the biggest decline in nearly a decade. Sellers are adjusting, inventory is growing, and your negotiating power is the strongest it's been in years. You have room to breathe, ask for inspections, and negotiate. This is NOT the frenzy of 2021. If you've been on the sidelines, it might be time to take another look.
It's always best to speak with a lender for exact numbers. If you need a great recommendation, let us know! Let's get you in scoring position and get you prequalified βΎπ
**π‘ SELLERS, this one's for you:**
Buyers are out there, but they are being selective. They're taking their time, touring multiple homes, and negotiating. The sellers who are winning right now? The ones who price it right from day one, make the home show ready, and get maximum exposure through the MLS. Strategy matters more than ever. If you're thinking about selling this summer, let's talk about what your home is really worth and how to position it to stand out.
**π What we're watching this week:**
β
Wednesday's inflation report (CPI) could move rates either direction
β
The Fed meets June 16 and 17, but a rate cut is unlikely after Friday's strong jobs report
β
NAR's May home sales numbers drop tomorrow
Whether you're buying, selling, or just curious where things stand, we're always here to help. No pressure, just real answers from real people who care π‘π
π¬ Call/text: 385-626-0850
π lookforutahhomes.com