In May, the mortgage market experienced notable fluctuations, with rates responding to economic indicators like inflation and employment data. The 30-year fixed mortgage rate hovered around 6.5-6.8%, reflecting ongoing uncertainty in the bond market. Housing demand remained resilient in key markets, though affordability challenges persisted for first-time buyers. Inventory levels showed slight improvement, but competition for desirable properties kept prices elevated in many regions.
Looking ahead to June, expect continued volatility as the Federal Reserve monitors economic signals. Potential rate stabilization could emerge if inflation cools, offering opportunities for buyers and refinancers. For real estate professionals and homeowners, staying proactive is key—leverage data-driven tools to time your moves and optimize financing.
Stay tuned for more updates, and let’s navigate this dynamic market together! Calls, texts, and DMs are encouraged
Michael F Nelson, CEO - Efficient Lending, Inc 720.419.3016 or mike@efficientlending.net or @mike_lending NMLS: 1876539 NMLS: 1314188