June jobs miss. Rate dropped. Your payment just got cheaper.

June job growth came in at 57,000, less than half what economists expected. That sent the government bond that sets mortgage rates down two ticks, and today's average rate is 6.375% (6.424% APR).

On a $600,000 loan, you're looking at about $3,723 a month in principal and interest. A month ago at 6.5%, same loan was $3,790. You save $67 a month, $804 a year, about $24,000 over the life of the loan.

If your budget is tight, a 40-year interest-only loan at 6.625% (6.764% APR) gets you the same $600,000 for about $3,312 a month. Trade-offs to talk through, but it opens the door.

If you're serious about buying this summer, let's run your actual numbers. I answer my phone, and we can lock a rate the same day if it makes sense. Text or call me at the number below.

Rates shown are today's average California rates as of 6/24/2026, for general information only and not an offer or commitment to lend. Your actual rate and APR depend on your credit, loan amount, down payment, and property, and rates and terms can change at any time. Brett Hickman, NMLS #2010859. Home First Financial, NMLS #2465048. Equal Housing Lender.