Rocket-powered Redfin: Pending US home sales fall 1.5% as mortgage rates hit 10-month high 6.75%

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  • Rocket-backed Redfin analysis showed U.S. pending home sales fell 1.5% week over week in the week ended May 24, a second straight decline.
  • Mortgage-purchase applications dropped to the lowest level since early April, signaling weakening near-term demand.
  • Daily average 30-year fixed mortgage rate hit a 10-month high of 6.75% last week; it was 6.61% on May 27.
  • Median monthly housing payment rose to $2,637, the highest in 11 months, as higher rates compounded rising home prices.
  • New listings edged up 0.2% week over week, the first increase in five weeks, adding supply as buyers pull back.


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. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260528308683) on May 28, 2026, and is solely responsible for the information contained therein.

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