June 2026: More Homes, More Opportunity: What’s Happening in Today’s Market

Mortgage rates have remained in the mid-6% range, with ongoing movement based on inflation trends, bond market activity, and broader economic conditions. While rates can fluctuate week to week, they may stay in a similar range in the near future, with gradual improvements possible over time rather than dramatic drops.

Rather than responding directly to the Federal Reserve, mortgage rates tend to follow long-term bond yields, especially the 10-year Treasury. This means short-term headlines or policy shifts don’t always translate into immediate changes in mortgage rates. Due to that, it’s wise to focus on overall affordability instead of trying to time the market.

For buyers, it often comes down to the bigger picture like local home prices and inventory levels, what monthly payment feels comfortable, the loan options and strategies available to reduce upfront costs, and the long-term value of building equity over time. While waiting for lower rates may be tempting, the right opportunity often comes down to finding a home that fits their budget and long-term goals.

We’re seeing increased activity in new construction as builders experience a rise in buyer demand heading into spring. More interest in newly built homes often signals a healthier level of market movement, with builders responding by staying active on pricing strategies and available inventory to meet buyer needs.

For homebuyers, this kind of environment can create opportunity. When demand picks up, builders often focus on keeping homes moving through incentives, design flexibility, and a wider selection of available floorplans and communities. That can give buyers more choice and more ways to find a home that fits their lifestyle and budget.

It can also mean more new homes coming to market in desirable areas, especially in growing communities where development is expanding. With more options to choose from, buyers may have a better chance of finding something that checks the right boxes without needing to compromise as much on features or layout. Overall, rising builder demand is a positive sign which can translate into more selection and ways to find the right home.

Did you know that even when you’re buying a brand-new construction home, it’s still recommended to get independent inspections during the building process. Checking in during the building process will help ensure everything is completed correctly before closing and move-in day.

Buying a newly built home comes with exciting perks, from modern layouts and customizable finishes to being the very first owner. However, the process can be very different from purchasing an existing home, so it’s important to be prepared. Before getting started, take time to research the builder’s reputation, understand what features are included versus considered upgrades, and explore your financing options early. Even with a brand-new home, inspections are still essential to help catch any issues before move-in. You’ll also want to review the builder warranty carefully and think about the long-term growth of the surrounding neighborhood. With the right guidance and planning, buying new construction can be a smooth and rewarding experience.

If you’re thinking about buying a home, you may be wondering how important your credit score really is. While your credit score is only one part of the mortgage process, it can play a big role in determining the loan programs you qualify for, your interest rate, and your overall buying power.

For many conventional loan programs, a minimum credit score of around 620 is typically required. However, that doesn’t mean homeownership is out of reach if your score is lower. Several government-backed loan programs may offer more flexible requirements for some buyers.

Here are a few common options:

• Conventional Loans: Often require a minimum score of 620
• FHA Loans: May allow scores as low as 580 with a lower down payment requirement
• VA Loans: Available to eligible veterans and active-duty military members, with flexible credit guidelines
• USDA Loans: Designed for eligible rural and suburban homebuyers and may offer low down payment options

Improving your credit score before house hunting can help open more opportunities. Some simple ways to strengthen your credit include making payments on time, paying down existing debt, avoiding new credit inquiries, and regularly reviewing your credit report for accuracy. The good news is that there’s no one-size-fits-all approach to financing a home.