What did pending home sales look like in June 2026? | OriginPointMORTGAGE NEWS by Phil Metzger | 2 min read Buyers signed contracts to buy more homes in two regions across the nation in June compared to the same time last year, even as economic headwinds made homebuying a challenge in some regions.It’s evidence of a trend that could continue as mortgage interest rates hover about the same range, a report released today by the National Association of REALTORS® (NAR) said.June saw increases in pending home sales in the Northeast and Midwest from last June, while month-over-month data saw decreases in those same regions.Home prices and mortgage interest rates are partly to blame for the slowdown, though the NAR remained optimistic that these issues could be temporary as employment remains strong.“The highest mortgage rates in nearly a year and the record-high national median home price together are contributing to a tepid housing market that is especially difficult for first-time homebuyers,” NAR Chief Economist Lawrence Yun said. “However, job gains can help support housing demand.”Pending home sales are indicators of the direction of the housing market in general based on purchase contracts signed for homes for sale.Which regions showed changes in pending home sales? Two of four regions showed increases in pending home sales compared to the same time last year, while all four regions the NAR tracks in the U.S. showed declines in pending sales in June from the previous month.The Northeast experienced a 2.2% increase in pending home sales from the previous year with a 3% decrease from the previous month. Pending sales in the Midwest rose 0.3% from last June and dipped 8.9% from April. Signed contracts in the South slid a modest 0.9% from the previous year and 4.1% from the previous month. The West saw a slight dip in pending home sales from the previous year at 1.1% and a decline of 4.7% from April. Despite some decreased numbers, the NAR warned that data isn’t always reflective of the entire picture in the housing market.“It is worth emphasizing that it is closing activity, not contract signings, that generates economic impact,” Yun said. “Pending contracts are only suggestive of upcoming closed deals and do not align perfectly, due to fallout rates and contract contingencies.”
Mortgage rates earlier this year hit a three-year low, then hit a one-month low last month. However, seasoned homebuyers know that you purchase the home, not the mortgage rate, so finding the right home should be the most important factor. Homeowners can always change their mortgage rate with a refinance when rates drop further.Did mortgage rates show any change?According to data from Freddie Mac, the 30-year fixed rate mortgage averaged 6.49% as of July 9*. That’s down considerably from 6.72% one year ago and up slightly from 6.43% the previous week.The cooler months of winter tend to see fewer potential buyers in the market, typically allowing those shopping at that time more negotiating power. The warmer summer months tend to see a larger number of homes on the market, giving those looking to purchase homes more to choose from.Are you ready to start the homebuying process? Start by applying for a mortgage pre-approval and begin your journey toward your dream home with OriginPoint! A pre-approval shows sellers and real estate agents that you’re serious and gives you an idea of how much of a mortgage you’re likely to be approved for.*National average rates from Freddie Mac as of July 9, 2026, are not advertised rates from OriginPoint.Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. OriginPoint does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by OriginPoint. OriginPoint its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.Your journey home begins here. 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Borrower documentation and Intent to Proceed must be signed within 8 business hours of receipt. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Self-employed borrowers and Co-borrowers are not eligible. Not all borrowers will be approved. Borrower’s interest rate will depend upon the specific characteristics of borrower’s loan transaction, credit profile and other criteria. Eligible borrowers who successfully provide all required documentation within 8 business hours will receive a $250 Closing Cost Credit applied at closing, no cash value, and may not be combined with any other Lender promotions, discounts, or concessions. Not available in all states. Restrictions apply. Visit OriginPoint.com/same-day-mortgage for terms and conditions. **Eligible borrowers must qualify for a “Clear to Close Loan Commitment” (“CTC”). OriginPoint cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. CTC is subject to certain underwriting conditions, including clear title and no loss of appraisal waiver, amongst others. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Property must be eligible for an Appraisal Waiver and borrower must opt in to AccountChek for automated income and asset verification. Self-employed borrowers and Co-borrowers are not eligible. Not all borrowers will be approved. Restrictions apply.Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact OriginPoint for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. 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