Rates as of 7/2/2026
Mortgage spreads tightened to 2.01%, holding rates near 6.60% and fueling a 6.5% year-over-year jump in pending home sales to 422,120—the tightest spreads in months are providing crucial relief to the housing market. MRED CEO Reffkin testified that Zillow threatened litigation over listing policy access, escalating a regulatory dispute that could reshape how brokers and portals compete for real estate data. With briefs due July 9-13, the case threatens Zillow's control over listing standards and could force the company to open access to competing platforms. The litigation spotlight underscores mounting pressure on fintech giants to justify their gatekeeping power in real estate infrastructure.
TAKEAWAYMortgage relief and Zillow's power grab clash headlong in court.