As the real estate market continues its unpredictable ride, recent data offers a fresh glimmer of hope. Pending home sales rose by 1.8% in May, suggesting buyer demand is far from gone—even as the broader market shows signs of cooling.

In tandem, Average mortgage rates dipped slightly as of June 25th, according to Bankrate.com (these are average rates as reported.  This is not a commitment to lend, and your rate may vary depending on your specific situation.  Please inquire with Morgan Financial for your actual rate and qualifications):

• 30-year fixed: 6.82%

• 15-year fixed: 6.05%

• 5/1 ARM: 6.00%

While those aren’t massive drops, in real estate, even small shifts in rates can significantly impact affordability. And it appears buyers are noticing—applications for mortgages were up 1.1% for the week.

But here’s the real game-changer: The Federal Housing Finance Agency (FHFA), along with Fannie Mae and Freddie Mac, is exploring the idea of allowing crypto-held reserves to count toward mortgage qualification. This could open the doors to a whole new category of buyers who’ve built wealth through digital assets but found traditional lending standards out of reach.

So, what does this all mean?

We might be witnessing the early signs of a market shift. The mix of improved affordability, increased buyer activity, and evolving financial qualifications could drive renewed momentum in housing.

Stay informed and be ready to act. Whether you’re buying your first home, investing, or working with clients, Morgan Financial is here to guide you every step of the way.

👉 Have questions or want to explore your options? Contact our team at Morgan Financial today.