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July Home Sales Surge, But Rates Are Rising | Raleigh News
Home sales surged in July with a seven percent year-over-year jump—the biggest gain since 2026—thanks to deals locked in at lower rates. But don’t celebrate yet: Zillow warns mortgage rates are likely to climb, fueled by rising oil prices and a recent Freddie Mac report showing the 30-year fixed rate at 6.69%. While prices remain steady or slightly down and inventory is up, weak pending sales hint at a potential slowdown ahead. With inflation expected to rebound, buyers may face tougher conditions as the year winds down. Listen in comfort:Get a discount on a Soli Pillow…
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