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Homebuyers Get a Break as the Market Rebalances — but Rates Stay Near 6.5%
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Summary
- The average 30-year fixed mortgage rate hovered near 6.5% in June 2026, and forecasters no longer expect sub-6% rates in the near future.
- Home-price growth is cooling: listing prices fell 2.4% year-over-year — a seventh straight decline — even as May's median hit a record $429,300.
- Economists call 2026 a 'rebalancing' year, not a crash, with more inventory and improving affordability for buyers.
The question
2026 is a rebalancing year for housing, not the start of a crash.
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