Rates stopped moving, homes piling up: what to tell buyers and sellers right now

After spiking to 9-month highs on May 19th, rates fell quickly by May 26th and have been moving sideways ever since in a very narrow range. Today today's average 30-year fixed rate is 6.375%, not rock-bottom, but stable. For your buyer clients, that stability matters. They're not chasing a moving target every week, and April's data showed new home sales cooling while inventory climbed. Translation: more choices, less bidding-war pressure.

For your seller clients, the headline is this, rates have stopped climbing, which takes some of the urgency off buyers but also means the fence-sitters aren't paralyzed anymore. Inventory is building, so pricing and condition matter more than they did two months ago. Bottom line you can hand them: it's a more balanced market than it was in April, and that rewards準備 and realistic expectations on both sides.