Economic Update: 6.49% Mortgage Rates, Jobs Report & Housing Supply

Mortgage rates climbed back to 6.49%, existing home sales slowed, and the latest jobs report offered new clues about where the economy—and interest rates—could be headed next.

In this episode of Real Estate News for Investors, Kathy Fettke breaks down the three biggest economic stories of the week and explains what they mean for real estate investors. Learn why mortgage rates are rising, how tight housing supply is keeping home prices elevated despite slower sales, and why a cooling labor market could influence the Federal Reserve's next move.

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Sources: https://www.bls.gov/news.release/archives/empsit_07022026.htm?utm_source=chatgpt.com

https://apnews.com/article/interest-rates-home-sales-29c907cc408cf7f88a8fcb3292150b1f

https://www.realtor.com/news/trends/existing-home-sales-nar-june-2026/?utm_source=chatgpt.com