Markets got a dose of good news as the United States and Iran signed an agreement to extend their ceasefire and reopen the Strait of Hormuz, easing concerns about global energy supplies. Meanwhile, the Fed held rates steady in Kevin Warsh's first meeting as Chair, and housing data was mixed.

With the US/Iran peace process underway, oil prices have fallen back to pre-war levels, but mortgage rates remain high (due to concerns about the Fed’s hawkish tilt). But inflation may have already peaked, and mortgage rates should follow inflation lower.

The MBS Highway National Housing Index fell 9 points in June 2026, dropping from 47 in May to 38. Buyer activity declined sharply from the previous month, while price direction reversed its slow but steady climb.

As new home construction slows and inventory remains tight, buyers may have a window of opportunity before increased demand returns to the market.

Buying a home while self-employed may require extra planning, but the right strategy and loan options can help make homeownership a reality.

We’re rolling out a refreshed MBS Highway experience designed to help loan originators work faster, stay organized, and access the tools they use most – all with less effort and more efficiency.