Redfin: US pending home sales hit 3-month low as mortgage rates rise to 6.85%

• Redfin flagged a slowdown in U.S. homebuying demand as 30-year mortgage rates climbed to a 1-year high near 6.85%.
• Pending home sales fell to the lowest level since early April in the four weeks ended July 26; down 1.7% week over week.
• Mortgage-purchase applications dropped 4% week over week; touring activity rose 15% year to date versus 31% at the same point last year.
• Median U.S. housing payment slipped 1.3% year over year to USD 2,575 as median asking prices fell to a 1-year low.
• Active listings totaled 1.49 million; months of supply at 3.6, keeping buyers’ leverage elevated with more sellers than buyers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.