Rates as of 7/2/2026
Mortgage spreads narrowing to 2.01% are providing meaningful relief at the rates level, keeping borrowing costs near 6.60% and fueling a 6.5% year-over-year jump in pending home sales to 422,120 units. Meanwhile, a legal battle is heating up in real estate tech as MRED CEO Reffkin testified that Zillow threatened litigation over listing access policies, with competing briefs due this week that could reshape how MLS data flows through the industry. The dual dynamics underscore a mortgage market stabilizing on pricing while the digital infrastructure powering home sales faces potential disruption from platform gatekeeping disputes.
TAKEAWAYCheaper mortgages boost sales volume, but listing access wars threaten growth.