08/16/2026
August 15, 2026
I hope you’re enjoying the last weeks of summer and finding some time to slow down and enjoy the season. As we move through August, I want to give you a clear picture of what I’m seeing in the mortgage and real estate markets—and what it could mean for you.
Mortgage Rates Show a Small Improvement
After holding relatively steady, mortgage rates edged lower this week. The 30-year fixed rate is around 6.67%, while the 15-year fixed rate is near 6.0%.
We’re still well above the exceptionally low rates we saw before 2022, but even modest changes in rates can affect purchasing power, monthly payments, and the number of buyers who qualify for a home.
Buyers Have More Leverage
The housing market continues to become more balanced, with conditions in many areas tilting toward buyers.
Inventory is approximately 3% higher than a year ago, giving buyers more choices. At the same time, asking prices have softened modestly in many markets, and more sellers are adjusting prices to attract buyers.
The trend is straightforward:
Inventory ↑ | Asking Prices ↓ modestly | Buyer Negotiating Power ↑
This does not mean every property is declining in value. Desirable homes that are priced correctly can still attract strong attention. However, buyers today generally have more opportunity to negotiate than they have had in recent years.
What’s Happening With the Economy?
The Federal Reserve's target federal funds rate remains at 3.50%–3.75%. Inflation remains above the Fed’s 2% target, but recent data suggests some moderation.
The labor market remains relatively stable, with unemployment around 4.1%–4.2%, while economic growth continues at roughly a 2% pace.
For mortgage rates, I’m continuing to watch four major factors:
Inflation | Treasury yields | Energy prices | Geopolitical developments
These will be important as we approach the Federal Reserve’s September meeting.
What Does This Mean for You?
If you’re a buyer, the combination of more inventory and greater negotiating power can create opportunities—but choosing the right property and negotiating effectively is critical.
If you’re a seller, pricing correctly from the beginning is more important than ever. Buyers have more options, so preparation, presentation, and realistic pricing can make a significant difference.
And if you’re simply wondering whether now is the right time to make a move, there is no one-size-fits-all answer. Your financial position, goals, timing, and local market conditions matter more than trying to predict the exact bottom or top of the market.
Call now to connect with business.
