5 stories on mortgage rates in commercial real estate.
Existing home sales rose 3.2% in May to a SAAR of 4.17 million units, the strongest pace since December, as a brief April rate dip brought buyers off the sidelines.
Home mortgage denial rates climbed to 15.1% in 2024, up from 12.2% in 2021, as the St. Louis Fed links surging rates to tighter lending standards.
Redfin data shows 5.8% of U.S. home listings were pulled in April 2026, tied for the highest delisting rate since the pandemic onset in March 2020.
Mortgage rates hit a five-week high as the 30-year fixed rose to 6.46%, yet purchase applications climbed 4% week-over-week, signaling resilient homebuyer demand.
February existing home sales edged up modestly, but tight inventory and elevated mortgage rates may limit momentum heading into the spring buying season.