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Rising mortgage rates cut into 2026 US home sales rebound
HousingWire reports 30-year conforming mortgage rates climbed to 6.9%, leaving brokers estimating about 400,000 fewer existing home transactions than early 2026 projections.
Real estate brokers say the early-2026 housing rebound has stalled as 30-year conforming mortgage rates rose to 6.94%, prompting both buyer and seller pullbacks.
According to HousingWire, estimates from brokers across the country put existing home sales near 4 million in 2026, about 400,000 fewer transactions than projections made before late February, when rates were about 6.23%.
HousingWire reports brokers linked the shift to renewed escalation of the Iran conflict, saying the rate surge disrupted the momentum many economists and industry analysts expected after years of roughly 4 million existing home sales since 2023.
Brokers also described knock-on effects in the August season, with more price reductions and some sellers pulling listings as higher rates make trade-up purchases less financially attractive, while transactions continue among the buyers who do remain active, HousingWire reports.