The average rate on a 30-year fixed mortgage in the United States held nearly flat this week, reflecting ongoing stability in borrowing costs amid a broadly resilient macroeconomic environment.
Existing-home sales in the U.S. declined 2.7% month-over-month in June 2025, as persistently high borrowing costs and a constrained inventory environment continued to dampen market momentum.
The American Institute of Architects (AIA) and Deltek reported a modest improvement in their Architecture Billings Index (ABI) for May 2025, though the sector remains in contraction. The index rose to 47.2, up from 43.2 in April, marking a slower pace of decline. Any score below 50 signals a decrease in billings.
The Senate's passage of the sweeping "One Big Beautiful Bill Act" drew swift praise from major American real estate and construction trade groups, who say the legislation could provide a critical boost to housing supply and affordability across the United States.
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