Core Viewpoint - The Federal Reserve Chairman Jerome Powell stated that the Fed cannot control mortgage rates, which are more closely tied to the 10-year U.S. Treasury yield rather than the federal funds rate [1] Group 1: Federal Reserve and Interest Rates - The federal funds rate influences some savings and borrowing rates, but mortgage rates are primarily linked to the 10-year Treasury yield [1] - Despite potential rate cuts by the Federal Reserve, it may not effectively resolve housing market issues [1] Group 2: Housing Market Challenges - The U.S. housing market has been facing a long-term supply shortage since the subprime mortgage crisis [1] - Rising costs of building materials and the forced removal of foreign workers, who are crucial to the industry, have exacerbated the housing inventory shortage [1] - Following the Fed's rate cuts last year, mortgage rates did not decrease; instead, they increased [1]

Core Viewpoint - The article highlights that the average rate for a 30-year fixed mortgage in the United States has decreased to 6.74% [1] Group 1: Mortgage Rates - The current average rate for a 30-year fixed mortgage is reported at 6.74% [1]

Core Viewpoint - The decline in U.S. existing home sales in June was greater than expected, indicating a potential deepening of the housing market downturn due to rising mortgage rates and economic uncertainty [1] Summary by Relevant Sections Sales Data - U.S. existing home sales in June were annualized at 3.93 million units, a decrease of 2.7% [1] - Analysts had previously anticipated a decline to 4 million units [1] Economic Impact - High mortgage rates are causing home sales to remain at cyclical lows [1] - If the average mortgage rate were to decrease to 6%, an additional 160,000 renters could become first-time homebuyers, and existing homeowners would increase their selling activity [1]

Core Viewpoint - The article highlights that the average interest rate for a 30-year fixed mortgage in the United States has risen to 6.75%, indicating a significant increase in borrowing costs for homebuyers [1] Group 1: Interest Rate Trends - The current average interest rate of 6.75% represents a notable increase compared to previous rates, impacting the affordability of mortgages for potential buyers [1] - This rise in mortgage rates is likely to influence the housing market dynamics, potentially leading to a slowdown in home sales and affecting overall housing demand [1] Group 2: Implications for Homebuyers - Higher mortgage rates may deter first-time homebuyers and those with tighter budgets, as monthly payments will increase significantly [1] - The increase in borrowing costs could lead to a shift in buyer preferences, with more individuals considering adjustable-rate mortgages or lower-priced homes [1]

Core Viewpoint - The article reports that the 30-year mortgage rate in the United States has risen to 6.75% according to Freddie Mac [1] Group 1 - The increase in the 30-year mortgage rate indicates a trend in rising borrowing costs for homebuyers [1] - This rate change may impact the housing market dynamics, potentially leading to decreased affordability for buyers [1] - The rise in mortgage rates could also affect refinancing activities among existing homeowners [1]

Core Viewpoint - The recent decline in mortgage rates in the U.S. has led to a significant increase in refinancing applications, marking the lowest rates since early April [1] Group 1: Mortgage Rate Changes - The 30-year fixed mortgage rate decreased by 9 basis points to 6.79% as of the week ending June 27 [1] - The 15-year mortgage rate fell to 6.06%, marking the fourth consecutive week of decline [1] Group 2: Refinancing Activity - The Mortgage Bankers Association's refinancing index rose by 6.5%, reaching its highest level since the week of April 11 [1]

Core Viewpoint - The U.S. Treasury Secretary emphasized that any actions taken regarding Fannie Mae and Freddie Mac will focus on ensuring that mortgage rates do not increase [1] Group 1 - The primary objective of the actions concerning Fannie Mae and Freddie Mac is to stabilize mortgage rates [1]

Group 1 - The overall market conditions index for U.S. home builders has decreased by 2 points to 32, falling below market expectations of 36 and reaching the lowest level since December 2022 [1] - All three key components of the index have declined, indicating significant pressure on the U.S. real estate market and a notable decrease in industry confidence [1][3] - The current sales index has dropped to its lowest point since 2012, reflecting a cooling market sentiment and diminishing confidence among builders regarding quick sales [3] Group 2 - High mortgage rates, with the 30-year fixed mortgage rate hovering around 7%, are suppressing buyers' purchasing power and contributing to the decline in builder confidence [3] - Concerns over rising building material costs, labor shortages, and potential new tariffs are making developers more conservative in their project initiation and pricing strategies [3] - The anticipated delay in interest rate cuts by the Federal Reserve and tightening tariffs on imported building materials could further increase construction costs and compress developers' profit margins [3][4] Group 3 - The current data on U.S. home builders' confidence serves as a barometer for macroeconomic pressures and changes in household purchasing confidence [4] - Without significant adjustments in interest rate policies or targeted housing support measures from the government, the downturn in the construction industry may persist and structurally hinder U.S. economic growth [4]

Core Viewpoint - The article highlights that both mortgage rates and gasoline prices in the United States are decreasing, which may have positive implications for consumers and the economy as a whole [1] Group 1 - Mortgage rates are reported to be declining, potentially making home buying more affordable for consumers [1] - Gasoline prices are also on a downward trend, which could lead to reduced transportation costs for consumers [1]

Yun补充表示，在相对可负担的地区，如中西部，购房者面临的购房压力较小。数据显示，该地区的典 型房价约为31.3万美元，比全美中位房价低约25%。此外，全国范围内的房屋库存目前已达到近五年来 的最高水平，这使得各地的买家在谈判过程中拥有更大的主动权，更容易争取到有利条款。 尽管市场上房源充足，买家在议价方面的空间增大，持续偏高的贷款利率仍限制了购房需求的释放。多 数专家认为，只有在抵押贷款利率出现明显回落的前提下，美国房地产市场的销售活跃度才有望真正回 暖。对于潜在购房者而言，此时可密切关注各地房价走势和贷款政策变化，寻找合适的入市时机。 NAR首席经济学家Lawrence Yun指出，目前房市处于关键时期，而抵押贷款利率成为影响购房决策的核 心因素。他表示："尽管房屋库存有所增加，我们并未看到房屋销售同步增长。要想吸引更多买家回归 市场，降低抵押贷款利率是不可或缺的。" 具体来看，东北部的PHSI在4月录得62.1点，环比下降0.6%，同比下降3.0%；中西部地区指数下降 5.0%，至73.5点，但与去年同期相比增长了2.2%；南部市场指数下降7.7%，至85.9点，同比下降3.0%； 而西部市场则表现最差 ...