08/21/2026
Weekly Realtor Market Update
Here’s what’s happening in the economy, mortgage market, and housing market this week:
📉 **Mortgage rates eased again** — the average 30-year fixed rate fell to **6.65%**.
🏠 **Housing activity is cooling** — existing-home sales declined 1.7% in July, while pending sales also fell.
📊 **Inflation remains elevated** — consumer prices increased 3.4% year over year through July.
👷 **The labor market remains relatively stable** — unemployment held at 4.1%.
🏦 **The Federal Reserve remains watchful** as inflation continues to run above its 2% target.
For buyers, sellers, and homeowners, the takeaway is simple: **stay informed, stay prepared, and make decisions based on your individual goals—not headlines alone.**
Whether your clients are buying, selling, or considering a refinance, having the right financing strategy can make a meaningful difference.
📲Louie Mrad is here to help you and your clients navigate the market.
