• Redfin analysis showed U.S. pending home sales fell 1.5% week over week in the week ended May 24, extending a second straight decline.
• Mortgage rates hit a 10-month high of 6.75% last week; the daily average was 6.61% on May 27.
• Higher rates pushed the seasonally adjusted median monthly housing payment to $2,637, the highest level in 11 months.
• Mortgage-purchase applications slipped 0.4% week over week to the lowest level since early April, signaling softer near-term demand.
• Supply ticked up, with new listings rising 0.2% week over week; agents flagged a buyer-leaning market with greater price negotiation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.