{"id":967979,"date":"2026-05-28T08:04:03","date_gmt":"2026-05-28T12:04:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/"},"modified":"2026-05-28T08:04:03","modified_gmt":"2026-05-28T12:04:03","slug":"higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/","title":{"rendered":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week"},"content":{"rendered":"

<\/p>\n

Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week<\/b><\/p>\n

Redfin reports some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\nFewer house hunters are going under contract to buy homes, according to a new report<\/a> from Redfin<\/a>, the real estate brokerage powered by Rocket.<\/p>\n

\nU.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after four weeks of increases. Additionally, mortgage-purchase applications decreased to their lowest level since early April.<\/p>\n

\nHouse hunters are backing off mainly because mortgage rates are rising, with the daily average hitting a 10-month high of 6.75% last week. Higher rates\u2014along with rising home-sale prices\u2014brought the median monthly housing payment to $2,637, the highest level in 11 months. Financial uncertainty is playing a role, too; some would-be homebuyers are jittery about making a huge purchase when the economy feels shaky and consumer confidence is at an all-time low.<\/p>\n

\nMortgage rates jumped over the last few weeks due to several factors: the ongoing Iran war and closure of the Strait of Hormuz, rising oil prices, AI-driven inflation and Fed officials floating the possibility<\/a> of interest-rate hikes.<\/p>\n

\nOn the selling side, new listings rose slightly (0.2%) from a week earlier, the first increase after four weeks of declines. With more home sellers<\/a> than buyers in the market, Redfin agents say it\u2019s important for sellers to price realistically and to be open to negotiations.<\/p>\n

\n\u201cI\u2019m seeing a lot of house hunters who are what I call \u2018tire kickers,\u2019 meaning they\u2019re serious about buying\u2014but they\u2019re cautious, waiting to see if mortgage rates decline or the economy improves,\u201d said Jason <\/a>Gale<\/a>, a Redfin Premier<\/a> agent in New Orleans. \u201cSellers can entice those buyers by pricing slightly below recent comps, making minor repairs and staging so the house makes the best first impression it possibly can, and offering incentives like rate buydowns, repair credits or a flexible closing date.\u201d<\/p>\n

\nFor Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201cFrom Our Economists<\/a>\u201d page.<\/p>\n

Leading indicators<\/b><\/p>\n\n\n\n\n\n\n\n\n
\n

Indicators of homebuying demand and activity<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Value (if applicable)<\/b><\/p>\n<\/td>\n

\n

Recent change<\/b><\/p>\n<\/td>\n

\n

Year-over-year change<\/b><\/p>\n<\/td>\n

\n

Source<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Daily average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n

\n

\n6.61% (May 27)<\/p>\n<\/td>\n

\n

\nDown from 6.75% a week earlier<\/p>\n<\/td>\n

\n

\nDown from 7.02%<\/p>\n<\/td>\n

\n

\nMortgage News Daily<\/p>\n<\/td>\n<\/tr>\n

\n

Weekly average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n

\n

\n6.51% (week ending May 21)<\/p>\n<\/td>\n

\n

\nHighest level since August<\/p>\n<\/td>\n

\n

\nDown from 6.86%<\/p>\n<\/td>\n

\n

\nFreddie Mac<\/p>\n<\/td>\n<\/tr>\n

\n

Mortgage-purchase applications (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDown 0.4% from a week earlier (as of week ending May 22)<\/p>\n<\/td>\n

\n

\nUp 5%<\/p>\n<\/td>\n

\n

\nMortgage Bankers Association<\/p>\n<\/td>\n<\/tr>\n

\n

Google searches of \u201chomes for sale\u201d<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nEssentially unchanged from a month earlier (as of May 23)<\/p>\n<\/td>\n

\n

\nEssentially unchanged<\/p>\n<\/td>\n

\n

\nGoogle Trends<\/p>\n<\/td>\n<\/tr>\n

\n

Touring activity<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nUp 20% from the start of the year (as of May 25)<\/p>\n<\/td>\n

\n

\nAt this time last year, it was up 33% from the start of 2025<\/p>\n<\/td>\n

\n

\nShowingTime<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Key housing-market data<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

U.S. highlights: Four weeks ending May 24, 2026<\/b><\/p>\n

Redfin\u2019s national metrics include data from 900+ U.S. metro areas and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Four weeks ending May 24, 2026<\/b><\/p>\n<\/td>\n

\n

Year-over-year change<\/b><\/p>\n<\/td>\n

\n

Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Median sale price<\/b><\/p>\n<\/td>\n

\n

\n$398,768<\/p>\n<\/td>\n

\n

\n2.2%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median asking price (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n$404,381<\/p>\n<\/td>\n

\n

\n1.9%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median monthly mortgage payment (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n$2,637 at a 6.51% mortgage rate<\/p>\n<\/td>\n

\n

\n-0.9%<\/p>\n<\/td>\n

\n

\nHighest level in 11 months<\/p>\n<\/td>\n<\/tr>\n

\n

Pending sales (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n336,818<\/p>\n<\/td>\n

\n

\n4.7%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

New listings (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n368,522<\/p>\n<\/td>\n

\n

\n0.5%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Active listings (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n1,492,893<\/p>\n<\/td>\n

\n

\n0.8%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Months of supply<\/b><\/p>\n<\/td>\n

\n

\n3.4<\/p>\n<\/td>\n

\n

\n-0.1 pts.<\/p>\n<\/td>\n

\n

\n4 to 5 months of supply<\/a> is considered balanced, with a lower number indicating seller\u2019s market conditions<\/p>\n<\/td>\n<\/tr>\n

\n

Share of homes off market in two weeks<\/b><\/p>\n<\/td>\n

\n

\n39.3%<\/p>\n<\/td>\n

\n

\nEssentially unchanged<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median days on market<\/b><\/p>\n<\/td>\n

\n

\n40<\/p>\n<\/td>\n

\n

\n+2 days<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Share of home listings with price drops<\/b><\/p>\n<\/td>\n

\n

\n18.9%<\/p>\n<\/td>\n

\n

\nDown from 20%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Share of homes sold above list price<\/b><\/p>\n<\/td>\n

\n

\n27.5%<\/p>\n<\/td>\n

\n

\nDown from 28%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Average sale-to-list price ratio<\/b><\/p>\n<\/td>\n

\n

\n98.9%<\/p>\n<\/td>\n

\n

\nDown from 99%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
\n

Metro-level highlights: Four weeks ending May 24, 2026<\/b><\/p>\n

Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Metros with biggest year-over-year increases<\/b><\/p>\n<\/td>\n

\n

Metros with biggest year-over-year decreases<\/b><\/p>\n<\/td>\n

\n

Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Median sale price<\/b><\/p>\n<\/td>\n

\n

\nSan Francisco (10.1%)<\/p>\n

\nKansas City, MO (7.8%)<\/p>\n

\nPittsburgh (5.4%)<\/p>\n

\nSt. Louis (4.9%)<\/p>\n

\nNassau County, NY (4.8%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSan Jose, CA (-4.4%)<\/p>\n

\nOrlando, FL (-2.7%)<\/p>\n

\nPhoenix (-1.4%)<\/p>\n

\nPortland, OR (-0.4%)<\/p>\n

\nFort Worth, TX (-0.4%)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Pending sales<\/b><\/p>\n<\/td>\n

\n

\nWest Palm Beach, FL (30.8%)<\/p>\n

\nSan Francisco (19.5%)<\/p>\n

\nNassau County, NY (15.2%)<\/p>\n

\nMinneapolis (14%)<\/p>\n

\nMilwaukee (12.2%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nHouston (-14.5%)<\/p>\n

\nSeattle (-8.9%)<\/p>\n

\nDenver (-4.4%)<\/p>\n

\nAtlanta (-3.1%)<\/p>\n

\nTampa, FL (-3.1%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDeclined in 8 metros<\/p>\n<\/td>\n<\/tr>\n

\n

New listings<\/b><\/p>\n<\/td>\n

\n

\nCincinnati (13.5%)<\/p>\n

\nWarren, MI (11.5%)<\/p>\n

\nColumbus, OH (11%)<\/p>\n

\nSan Jose, CA (10.8%)<\/p>\n

\nNewark, NJ (10.7%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSt. Louis (-15.2%)<\/p>\n

\nDenver (-12%)<\/p>\n

\nFort Worth, TX (-11.9%)<\/p>\n

\nDallas (-10.4%)<\/p>\n

\nRiverside, CA (-9.7%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nTo view the full report, including charts, please visit: https:\/\/www.redfin.com\/news\/housing-market-update-pending-sales-drop-rates-rise<\/a><\/p>\n

About Redfin<\/b><\/p>\n

\nRedfin is a technology-driven real estate company with the country’s most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin\u2019s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.<\/p>\n

\nYou can find more information about Redfin and get the latest housing market data and research at https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260528308683\/en\/<\/a><\/span><\/p>\n

Contact Redfin Journalist Services:
\n<\/b>
Tana Kelley
\n
press@redfin.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Washington<\/p>\n

INDUSTRY KEYWORDS:<\/b> Construction & Property Residential Building & Real Estate<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week Redfin reports some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky SEATTLE–(BUSINESS WIRE)– Fewer house hunters are going under contract to buy homes, according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after four weeks of increases. Additionally, mortgage-purchase applications decreased to their lowest level since early April. House hunters are backing off mainly because mortgage rates are rising, with the daily average hitting a 10-month high of … <\/p>\n

Continue reading “Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-967979","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHigher Mortgage Rates Push Pending Home Sales Down for Second Straight Week - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week Redfin reports some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky SEATTLE–(BUSINESS WIRE)– Fewer house hunters are going under contract to buy homes, according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after four weeks of increases. Additionally, mortgage-purchase applications decreased to their lowest level since early April. House hunters are backing off mainly because mortgage rates are rising, with the daily average hitting a 10-month high of … Continue reading "Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-28T12:04:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week\",\"datePublished\":\"2026-05-28T12:04:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/\"},\"wordCount\":914,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/\",\"name\":\"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2026-05-28T12:04:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/","og_locale":"en_US","og_type":"article","og_title":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week - Market Newsdesk","og_description":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week Redfin reports some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky SEATTLE–(BUSINESS WIRE)– Fewer house hunters are going under contract to buy homes, according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after four weeks of increases. Additionally, mortgage-purchase applications decreased to their lowest level since early April. House hunters are backing off mainly because mortgage rates are rising, with the daily average hitting a 10-month high of … Continue reading \"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/","og_site_name":"Market Newsdesk","article_published_time":"2026-05-28T12:04:03+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week","datePublished":"2026-05-28T12:04:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/"},"wordCount":914,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/","name":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en","datePublished":"2026-05-28T12:04:03+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260528308683r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/higher-mortgage-rates-push-pending-home-sales-down-for-second-straight-week\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/967979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=967979"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/967979\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=967979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=967979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=967979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}