As we move through late Q3, I’ve been watching the market closely for my clients, and recent data points to a stabilization in US home values—not a decline. Elevated borrowing costs are expected to continue through 2026, with 30-year mortgage rates likely to stay in the high-6% range. Pending listings are down 2.6% year over year, and active listings have reached 1.41 million. New listings dipped 7.9% month over month to 356,900, and the typical monthly payment has edged up 2% to $1,900.
What does this mean for those navigating the mortgage process? Limited distressed selling has kept prices steady, and while some metros are seeing modest gains or holding flat, the market overall is finding its footing. Recent movements in daily lending rates reflect markets adjusting to these realities, and economists are suggesting that, although sales are softer and financial thresholds remain high, we may be heading for a soft landing by 2026.
For buyers with some flexibility, varying inventory across states could present selective opportunities—especially for those prepared with pre-approval. For current owners, monitoring for refinancing opportunities remains key. My focus is always on making sense of these shifts and helping you approach your mortgage decisions with clarity and confidence, whether you’re a first-time buyer or looking to refinance. If you have questions about how these trends might affect your plans, I’m here to break it all down and support your next steps.
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