Redfin: 6.5% mortgage rates cause stunning housing market change

thestreet.com· June 30, 2026

Real estate brokerage Redfin indicates that mortgage rates hitting the 6.5% mark have triggered substantial changes in the current housing market. These developments highlight the ongoing impact of interest rate volatility on residential real estate transactions and consumer demand. For the mortgage sector, these shifts represent a pivotal moment in how borrowing costs dictate market momentum.

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