Marco Santarelli, Author at Norada Real Estate Investments

Want Stronger Returns? Invest Where the Housing Market’s Growing

Turnkey rental properties in fast-growing housing markets offer a powerful way to generate passive income with minimal hassle.

Work with Norada Real Estate to find stable, cash-flowing markets beyond the bubble zones—so you can build wealth without the risks of ultra-competitive areas.

🔥 HOT NEW LISTINGS JUST ADDED! 🔥

Speak to a Norada Investment Counselor today (No Obligation):

(800) 611-3060

Recommended Read:

Best Cities to Invest in Real Estate in 2026 for Strong ROI Potential

June 17, 2026 by Marco Santarelli

Summer 2026 is shaping up to be a fantastic time to dive into property investments, and I've been doing a deep dive to find the cream of the crop. My gut, backed by solid data from places like Zillow and the National Association of Realtors, tells me that now is a sweet spot for smart investors. With mortgage rates settling comfortably under 6%, we're seeing a market that's shifting back towards a more balanced playing field, and that's great news for buyers and investors alike.

I’ve personally seen how crucial timing and location are in this game, and this summer, several cities are really standing out. Let's break down where I think the smartest money will be flowing this season, looking at both steady income and strong appreciation.

Best Cities to Invest in Real Estate in 2026 for Strong ROI Potential

The Midwest: Where Your Money Works Harder

For those of you looking for places where your investment dollars can generate solid, reliable income, the Midwest is calling your name. These cities often offer lower entry costs, making them perfect for building a strong cash flow.

Indianapolis, Indiana: The Affordable All-Star

Indianapolis is a real gem, and Zillow has it on their radar for good reason. It's one of those places where you can get into the market without breaking the bank. The average home price hovers around $283,040, which is incredibly accessible compared to many other parts of the country.

What really excites me about Indy is the gross rental yield, which is sitting pretty near 9.1%. Plus, Zillow is predicting a steady 2.9% home value appreciation through 2026. This combination of affordability and consistent growth makes it a balanced win for investors. I've always believed that markets with lower barriers to entry, combined with steady appreciation, are goldmines for long-term wealth.

Cleveland, Ohio: Cash Flow King

If your primary goal is maximizing immediate monthly income, then Cleveland, Ohio, needs to be on your list. This city is delivering some of the highest gross rental yields you'll find anywhere, with figures actually topping 11.3%! For investors who prioritize a “cash-flow-first” strategy, Cleveland is a dream.

You get a great bang for your buck here, with low entry costs that allow you to see returns almost immediately. I’ve seen firsthand how powerful a strong monthly cash flow can be in smoothing out market fluctuations.

Detroit, Michigan: The Comeback Kid with Serious Potential

Detroit's turnaround story is nothing short of amazing, and its real estate market is right there with it. We're talking projected annual appreciation rates of 9% to 10%+! This incredible growth is attracting all sorts of investors, from those looking to do quick fix-and-flips to buy-and-hold strategists.

The sheer scale of the housing market premium that Detroit is now capturing is immense. I remember when Detroit was considered a risky bet, but the momentum it has now is undeniable. It's a testament to resilience and smart urban planning.

The Sun Belt: Growth, Growth, and More Growth

The Sun Belt has long been a magnet for people moving for jobs and a warmer climate, and this trend continues to fuel its real estate markets. These areas often boast strong population growth and diverse economies, which are fantastic drivers for property values and rental demand.

Dallas-Fort Worth, Texas: The Economic Powerhouse

PwC has its eye on Dallas-Fort Worth, and for good reason. This metroplex is experiencing massive population growth, attracting new residents who fuel housing demand. Its economy is also incredibly diversified, meaning it's less reliant on any single industry.

From an investment standpoint, Texas offers a significant advantage: no state income tax. You're looking at a balanced market with an 8.9% rental yield. For me, a strong, diversified economy combined with tax advantages is a recipe for sustained success.

Austin, Texas: Rebounding Strong

After its incredible surge during the pandemic, Austin saw a bit of a cool-down. However, I see this as a golden opportunity. It's shifting back into a more favorable buyer's market, and forecasts are showing a robust 12.2% rental yield. This makes Austin a prime target for investors aiming for long-term equity growth. I often advise clients to look at markets that have experienced a correction but still have strong underlying fundamentals. Austin fits that bill perfectly.

Raleigh, North Carolina: The Tech and Health Hub

The National Association of Realtors and CBRE are highlighting Raleigh, and it's all about the jobs. This city is booming thanks to incredible growth in the technology and healthcare sectors. This translates into a highly resilient rental market, further supported by landlord-friendly state eviction laws. When you have a consistent influx of jobs, you have a consistent demand for housing, which is a landlord's best friend.

Jacksonville, Florida: Sunny Skies and Smart Investments

Jacksonville offers a really nice balance. You've got strong rental demand, but importantly, the inventory is increasing. This gives buyers more leverage and negotiation power, which is a refreshing change. On top of that, Florida's tax-friendly environment and steady stream of people moving in from other states create a solid foundation for real estate investment. I always appreciate markets that offer a bit of breathing room for buyers while still showing strong demand.

Northeast Rental Giants: Tight Supply, High Demand

These cities might come with a higher price tag, but they offer a unique opportunity due to severely limited housing supply, which drives up rental income and home values.

Providence, Rhode Island: The Inventory Scarcity Play

Providence is topping Zillow's list of hottest rental markets, with an impressive 5% annual rent growth. The key here is a severe, chronic inventory shortage—Zillow notes there are 55% fewer homes for sale than before the pandemic. This scarcity is pushing home value forecasts up by 3%. For investors focused on rental income in a supply-constrained market, Providence is a compelling option.

Buffalo, New York: Affordable East Coast Charm

Buffalo remains a really interesting market. While it's competitive, it's still remarkably affordable compared to its East Coast neighbors like New York City. You're looking at a solid 2.5% home value appreciation forecast for 2026, and importantly, a very stable local renter pool. I often recommend Buffalo to investors who want East Coast exposure without the eye-watering price tags.

New York, New York: The Ultimate Low-Vacancy Market

Even with its notoriously high prices, New York City continues to be a powerhouse for real estate investors focused on rental income. The rental vacancy rate is forecast to be a mere 4.3% for the summer, meaning you can expect rapid tenant placement. The supply is extremely restricted, with nearly 49% of homes selling above asking price. This extreme landlord leverage, driven by limited supply, ensures strong returns for those who can enter this market.

My Takeaway

As I see it, summer 2026 offers a diverse range of opportunities. Whether you're chasing high cash flow in the Midwest, betting on growth in the Sun Belt, or navigating the tight markets of the Northeast, there's a city out there for your investment strategy. My advice? Do your homework on these markets, understand your own financial goals, and don't be afraid to act when you find the right fit. The real estate game rewards those who are informed and decisive.

🏡 Invest in Real estate this summer for Cash Flow

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Want Stronger Returns? Invest Where the Housing Market’s Growing

Turnkey rental properties in fast-growing housing markets offer a powerful way to generate passive income with minimal hassle.

Work with Norada Real Estate to find stable, cash-flowing markets beyond the bubble zones—so you can build wealth without the risks of ultra-competitive areas.

🔥 HOT NEW LISTINGS JUST ADDED! 🔥

Speak to a Norada Investment Counselor today (No Obligation):

(800) 611-3060

Recommended Read:

30-Year Fixed Mortgage Rate Drops by 32 Basis Points From Last Year’s Highs

June 17, 2026 by Marco Santarelli

According to the Freddie Mac Primary Mortgage Market Survey for the week ending June 11, 2026, the 30-year fixed-rate mortgage averaged 6.52%, marking a 32-basis-point drop year-over-year from the 6.84% average recorded during the same week in 2025. While borrowing costs have trended lower over the past 12 months, rates ticked up slightly from last week’s average of 6.48% due to resilient labor data and sticky consumer inflation. This annual decrease translates into tangible savings for borrowers, making homeownership more attainable despite current economic pressures.

30-Year Fixed Mortgage Rate Drops by 32 Basis Points From Last Year’s Highs

Understanding the Numbers: A Closer Look at the Decline

Let's break down what this means. Freddie Mac, a key player in the housing finance industry, releases weekly surveys that are a benchmark for mortgage rates across the country. Their data for the week ending June 11, 2026, shows the average 30-year fixed-rate mortgage at 6.52%.

Here's a quick look at how this compares:

Loan Type	Weekly Average (06/11/2026)	1-Week Change	1-Year Change
30-Yr Fixed FRM	6.52%	+0.04%	-0.32%
15-Yr Fixed FRM	5.84%	+0.05%	-0.13%

FRM stands for Fixed-Rate Mortgage.

You can see the 30-year fixed rate is a full 0.32% lower than it was a year ago. This is a substantial move. While the weekly jump of 0.04% might seem small, it's the year-over-year trend that truly signals a more affordable borrowing environment for many. The 15-year fixed-rate mortgage also saw a year-over-year decrease, though it wasn't as pronounced.

30-Year Fixed Mortgage Rate Drops by 32 Basis Points Year-Over-Year — Freddie Mac

Why the Slight Weekly Jump? Factors at Play

It's important to understand that mortgage rates don't move in a straight line. Even with the positive year-over-year trend, rates can fluctuate weekly. The data from Freddie Mac points to a couple of key reasons for the slight increase from last week:

Resilient Labor Data: The latest jobs report showed more new jobs were created than economists predicted. This is generally a good sign for the economy, but it can also signal that the Federal Reserve might be less inclined to lower its benchmark interest rates quickly. Lower benchmark rates often lead to lower mortgage rates.
Sticky Consumer Inflation: While inflation has cooled from its peak, it's still proving to be a bit stubborn. When inflation is higher, it can put upward pressure on interest rates as lenders try to keep pace with rising costs.

These are the forces that are essentially creating a floor under mortgage rates, preventing them from plummeting back into the 5% range we saw in some more favorable periods.

The Real Impact: What a 32-Basis-Point Drop Means for Your Wallet

This is where it gets exciting for potential homeowners. A 32-basis-point reduction in your interest rate can make a significant difference in your monthly mortgage payment and the total interest you pay over the life of your loan.

Let's imagine you're looking at a standard $400,000, 30-year fixed loan.

At 6.52%, your estimated monthly principal and interest payment would be around $2,533.54.
If the rate were 6.20% (representing a 32-basis-point drop from the current 6.52%), that same loan's monthly payment would be approximately $2,449.88.

That's a monthly savings of $83.66!

Over the 30-year life of the loan, this translates to a total interest saving of $30,117.60. That's money you can use for home improvements, savings, or simply enjoy.

Here's a table showing how this drop impacts various loan amounts:

Loan Amount	Monthly Payment at 6.52%	Monthly Payment at 6.20%	Monthly Savings	30-Year Lifetime Savings
$300,000	$1,900.16	$1,837.41	$62.75	$22,590.00
$400,000	$2,533.54	$2,449.88	$83.66	$30,117.60
$500,000	$3,166.93	$3,062.35	$104.58	$37,648.80
$600,000	$3,800.31	$3,674.82	$125.49	$45,176.40

Note: These are estimates for principal and interest only and do not include taxes, insurance, or fees.

What This Means for the Housing Market and Buyers

This annual rate reduction, even with slight weekly ups and downs, is a positive signal for the housing market. It boosts buyer purchasing power. For instance, Redfin data suggests that new home listings have surged, creating a more favorable inventory situation for buyers. With nearly 47% more sellers than active buyers in some areas, homebuyers might find they have more room to negotiate on price, even with mortgage rates in the mid-6% range.

From my perspective, this environment presents a unique opportunity. Buyers who have been patiently waiting for rates to dip may find that now is a good time to re-enter the market. The combination of a more favorable interest rate year-over-year and potentially increased inventory can lead to a better overall home-buying experience. It's crucial, however, to stay informed about weekly rate changes and consult with a mortgage professional to understand how these fluctuations might affect your specific situation.

The average 30-year fixed mortgage rate falling by 32 basis points year-over-year to 6.52% is a clear indication of improving affordability for potential homebuyers, despite some ongoing economic factors keeping rates from falling further.

🏡 Out‑of‑State Real Estate Investment: Tennessee vs Florida

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Build Passive Income & Wealth with Turnkey Rentals

Mortgage rates remain near 6%, but rental properties continue to deliver strong cash flow and appreciation. Savvy investors know that turnkey real estate is the path to passive income and long‑term wealth.

Norada Real Estate helps you secure turnkey rental properties designed for immediate cash flow and appreciation—so you can invest smartly regardless of interest rate trends.

🔥 HOT INVESTMENT Properties JUST ADDED! 🔥

Request a Callback / Fill Out the Form Online

Mortgage Rates Today, June 17, 2026: 30‑Year Refinance Rate Drops by 4 Basis Points

June 17, 2026 by Marco Santarelli

Well, it looks like a little bit of good news for homeowners thinking about refinancing their mortgages. On June 17, 2026, the average rate for a 30-year fixed refinance actually dipped by 4 basis points. This means that if you've been on the fence about whether to refinance, today might be a day to take a closer look.

Mortgage Rates Today, June 17, 2026: 30-Year Refinance Rate Drops by 4 Basis Points

What’s Happening with Refinance Rates Right Now?

So, what does this little drop really mean for you? According to Zillow, the national average for a 30-year fixed refinance rate is now sitting at 6.68%. This is a small step down from yesterday's rate of 6.64%. While it might seem like a tiny change, every little bit counts when you're talking about a big loan like a mortgage.

It's not just the 30-year loans seeing movement. The 15-year fixed refinance rate also got a nice little haircut, dropping a more significant 12 basis points to 5.62%. And if you're looking at an adjustable-rate mortgage (ARM), the 5-year ARM refinance rate has seen the biggest dip, down a whole 50 basis points to 5.75%.

Right now, the national average for a 30-year fixed refinance is hovering between 6.60% and 6.70%. This means that many homeowners are watching these rates very closely. Even though rates are higher than they were last year (about 17% higher than the really low historic rates), people are still applying to refinance. However, applications actually dropped by 5% this past week. This tells me that even with a small rate drop, things are still pretty sensitive to what's happening in the bigger economy.

Why Are Rates Doing This? It’s Not Just One Thing!

It can be confusing to figure out why mortgage rates change. It's not like the Federal Reserve just wakes up and decides to change them. A lot of different things are going on behind the scenes that make lenders adjust their prices.

One of the big things is something called inflation. Think of inflation like prices going up for everything. When inflation is high, like it has been recently (showing a 4.2% increase in the Consumer Price Index), it makes borrowing money more expensive for everyone, including mortgage lenders. This forces bond yields higher, and that directly impacts what they can offer you for a mortgage.

Then there's what the Federal Reserve is doing. Even though inflation is still a bit high, the job market is still pretty strong. There were a lot of jobs added recently (172,000 in May), which means the Fed might not be in a hurry to lower interest rates anytime soon. Wall Street is kind of expecting rates to stay “higher for longer.”

And we can't forget what's happening around the world. Things like conflicts in the Middle East can make energy prices go up. When energy prices go up, it can also affect something called the 10-Year U.S. Treasury yield. This yield is a really important number that lenders look at when they decide what to charge for a 30-year mortgage. So, global events can have a direct impact on your mortgage rate!

Who Is Actually Refinancing These Days?

I've noticed that the people who are refinancing right now are usually those who bought their homes when rates were much higher, maybe even above 7%. They're looking to grab a better deal if they can.

Also, a lot of people are looking to get cash out of their homes, either for renovations or to pay off other debts. But it’s interesting, many are choosing a Home Equity Line of Credit (HELOC) instead of a full refinance. This is smart because they can keep their existing, low primary mortgage rate and just borrow extra money at a potentially higher rate for their specific need. It saves them from giving up their great original loan.

What Should You Look For When Thinking About Refinancing?

If you're thinking about refinancing, here are some things I'd really pay attention to:

How Long Until You Save Money (Break-Even Point): Refinancing usually costs money upfront, often between 2% and 5% of your loan amount for closing costs. You need to figure out how many months it will take for the money you save each month to add up to more than those upfront costs. If you plan to move before you reach that “break-even” point, you might actually lose money by refinancing.
Extending Your Loan Term: It’s tempting to lower your monthly payment by switching to a brand-new 30-year loan. But remember, this means you’ll be paying for your house for a lot longer. Over the entire life of the loan, you’ll end up paying a lot more in interest.
Considering Other Ways to Get Cash: If you need money for a project or to pay off other debts, compare a cash-out refinance with a HELOC. Sometimes, it’s way cheaper to keep your low primary mortgage and get a separate HELOC for the extra cash you need. For example, mixing a 3% primary mortgage with a small 8% HELOC can be thousands of dollars cheaper than replacing your whole loan with a new 6.6% rate.
Your Credit Score Matters a Lot: In today’s market, lenders want to see that you’re a super safe bet. If you have a great credit score (usually 740 or higher), you'll likely get the best rates. Before you apply, check your credit report and make sure everything is in order. You don't want to have your application turned down because of something on your credit that you could have fixed.

Here's a Quick Look at Today's Refinance Rates:

Loan Type	Current Average Rate (June 17, 2026)	Change from Previous Week
30-Year Fixed Refinance	6.68%	Down 4 basis points
15-Year Fixed Refinance	5.62%	Down 12 basis points
5-Year ARM Refinance	5.75%	Down 50 basis points

Rates are by Zillow.

It's a dynamic market out there, and these numbers can change. The best thing you can do is stay informed and talk to a mortgage professional to see what makes the most sense for your situation.

🏡 Real Estate Investment: Tennessee vs Florida

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Build Passive Income & Wealth with Turnkey Rentals in 2026

Mortgage rates remain high in 2026, but rental properties continue to deliver strong cash flow and appreciation. Savvy investors know that turnkey real estate is the path to passive income and long‑term wealth.

Norada Real Estate helps you secure turnkey rental properties designed for immediate cash flow and appreciation—so you can invest smartly regardless of interest rate trends.

🔥 HOT 2026 INVESTMENT LISTINGS JUST ADDED! 🔥

Request a Callback / Fill Out the Form Online

Today’s Mortgage Rates, June 16: Fixed Loan Rates Ease But ARMs Edge Higher

June 16, 2026 by Marco Santarelli

As of today, June 16, 2026, if you're looking to buy a home, the average 30-year fixed mortgage rate is sitting at 6.31%, which is a little bit lower than yesterday. It's a bit of a mixed bag out there with some rates inching up and others dipping down, but overall, things are staying pretty steady in the mid-6% range for the most common types of loans.

Today's Mortgage Rates, June 16: Fixed Loan Rates Ease But ARMs Edge Higher

So, today is one of those days where we see a little bit of movement in mortgage rates. It’s like the stock market, but for houses! While a small change might not seem like a big deal, it can actually make a difference in how much you pay over the years. Let's break down what's happening with today's mortgage rates and what it means for you and your dream of homeownership.

What Are Today's Mortgage Rates, June 16, 2026?

Based on the latest information from Zillow, here’s a snapshot of what you might see today:

30-year fixed rate: 6.31% (down 4 basis points from yesterday)
20-year fixed rate: 6.19% (up 9 basis points from yesterday)
15-year fixed rate: 5.74% (down 4 basis points from yesterday)
5/1 ARM: 6.31% (up 1 basis point from yesterday)

And just so you know, these numbers are just averages. Your actual rate could be higher or lower depending on your credit score, the size of your down payment, and other factors.

A Deeper Dive: What’s Causing These Swings?

It’s easy to just look at the numbers and say “higher” or “lower,” but understanding why they move is the real key. For me, as someone who's watched this market for a while, it's all about how different parts of the economy are doing. Think of it like a big puzzle with lots of pieces.

1. Inflation: The Big Spender

You’ve probably heard about inflation in the news. It’s basically when prices for everything go up. This May, the government said prices went up by 4.2% compared to last year. Even when you take out the prices of things like food and gas that can change a lot, prices are still stubbornly high, up 2.9%.

When inflation is high, money isn't worth as much. So, people who lend money (like banks) want to get paid more to make up for it. This makes mortgage rates go up. It's like if your favorite candy bar suddenly cost more – you’d want more allowance to buy it, right?

2. Jobs, Jobs, Jobs!

The good news is that people are finding jobs! In May, the U.S. added 172,000 jobs, which is more than people expected. And the number of people looking for jobs but not finding them stayed the same at 4.3%.

A strong job market is a sign that our economy is doing well. When people are working and earning money, they feel more confident about buying homes and making big purchases. This can sometimes push rates up a little because there’s more demand.

3. What the Fed is Thinking (and Doing)

The Federal Reserve, or the “Fed” as many call it, is like the conductor of our economy’s orchestra. They have the power to lower or raise interest rates. Right now, they’ve kept their main interest rate pretty high, between 3.5% and 3.75%.

Because inflation is still a worry and the job market is strong, many people don't think the Fed will lower interest rates anytime soon. In fact, they might keep them high for a while longer. This “higher-for-longer” idea makes the cost of borrowing money, including for mortgages, stay up. The 10-year U.S. Treasury yield, which is like a benchmark for mortgage rates, is also staying high because of this.

4. World Events and Oil Prices

Sometimes things happening far away can still affect our wallets. There's been some trouble in the Middle East, and that can make oil prices jump around. When oil prices go up, so do the costs of lots of things, including transportation and making products.

This global uncertainty can make investors a bit nervous. They might demand a higher return for lending their money, which again, pushes up mortgage rates. It’s a ripple effect!

Comparing Today to Last Week and Last Year

It’s always helpful to see how today’s rates stack up.

Loan Type	Today's Average (June 16, 2026)	Last Week's Average (Approx.)	Change from Last Week	Last Year's Average (Approx.)	Change from Last Year
30-year fixed	6.31%	6.59%	Down	6.84%	Down
15-year fixed	5.74%	5.84%	Down	N/A	N/A
5/1 ARM	6.31%	N/A	N/A	N/A	N/A

Note: Weekly data is based on general trends and surveys.

Looking at the table, you can see that while today's 30-year fixed rate is a bit lower than the average we saw at the start of the week (around 6.59%), it's still a good bit lower than this time last year, when it was around 6.84%. That's a saving of about 40 basis points, which is nice!

The 15-year fixed rate has also seen some ups and downs, but it's currently looking pretty good at 5.74%.

What Does This Mean for You?

If you’re thinking about buying a home, these rates mean you'll want to shop around for the best deal. Even a small difference in the interest rate can save you thousands of dollars over the life of your loan. It’s why I always tell people to get quotes from a few different lenders.

If you already own a home and have a higher interest rate, you might be wondering about refinancing. It’s a good idea to keep an eye on these numbers. If rates dip significantly, refinancing could lower your monthly payments. However, with rates staying in the mid-to-high 6% range, it's still a bit of a wait-and-see game for many homeowners looking for a big drop.

For those considering an Adjustable-Rate Mortgage (ARM), like the 5/1 ARM at 6.31%, remember that the rate is fixed for the first five years and then can change. It can be a good option if you plan to move or refinance before the fixed period is over, but it comes with the risk of higher payments later on.

My advice? Don't get too caught up in the day-to-day ups and downs. Focus on what your personal finances look like, what your long-term goals are, and then work with a trusted lender to find the mortgage that’s the best fit for you.

Future Outlook: What to Watch For

Predicting mortgage rates is like trying to predict the weather – you can make educated guesses, but there are always surprises. I'll be keeping an eye on inflation reports, job numbers, and anything the Fed says. If inflation starts to cool down and the Fed signals they might lower rates, we could see mortgage rates begin to trend downwards more consistently. Until then, expect things to stay a bit bumpy.

Remember, buying a home is a huge decision. Take your time, do your research, and don't be afraid to ask questions!

🏡 Real Estate Investment: Tennessee vs Florida

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Build Passive Income & Wealth with Turnkey Rentals in 2026

Norada Real Estate helps you secure turnkey rental properties designed for immediate cash flow and appreciation—so you can invest smartly regardless of interest rate trends.

🔥 HOT 2026 INVESTMENT LISTINGS JUST ADDED! 🔥

Request a Callback / Fill Out the Form Online

Best Cities to Buy a House in 2026 Where Affordability Meets Growth

June 16, 2026 by Marco Santarelli

Buying a house in 2026 is a bit like choosing your adventure! If you're looking for a place where you can snag a great deal and have your pick of the litter, some spots in the Sun Belt are calling your name. But if your dream is to watch your investment grow like a mighty oak, the Northeast and Midwest have some truly hot markets. The year 2026 has really split the housing market into two main camps: one where buyers have the upper hand and another where sellers are still king, mostly due to how much new building is happening.

As I see it, deciding where to put down roots in 2026 really boils down to what you want most from your home purchase. Are you hoping to get the most bang for your buck, avoid a bidding war, and find a place you can afford without breaking the bank? Or is your main focus on watching your home's value climb steadily over time?

The housing world in 2026 has really divided itself. On one side, you have the Northeast and Midwest, which I think of as “safe havens.” These areas are seeing a lot of demand because there just aren't many houses for sale, which is pushing prices up nicely. On the other side, you have the Sun Belt. This is where a lot of new homes are being built, and it's shifted from being a seller's dream to a buyer's paradise.

Best Cities to Buy a House in 2026 Where Affordability Meets Growth

Buyer's Paradise: Cities Where You Have the Power

If avoiding a frantic bidding war, getting a seller to agree to your terms, and finding a mortgage that doesn't feel like a monthly mountain is your main goal, then you'll want to look at these Sun Belt cities. I've looked at reports from big names like Zillow and Redfin, and they point to these places as being super friendly for buyers in 2026.

Indianapolis, Indiana: Zillow actually named Indy the number one buyer-friendly market for 2026. What makes it so great? Well, people's incomes match up really well with home prices there, and there's not a ton of competition from other buyers.
Jacksonville, Florida: This city is a dream for renters looking to become homeowners. The monthly cost of a mortgage is pretty much the same as what you'd pay in rent. That kind of affordability is a huge plus.
Nashville, Tennessee: Nashville is shaping up to be one of the best places for buyers in the whole country. Seriously, there are more sellers than buyers right now. This means you can probably haggle on the price and even ask sellers to help with some of the costs, which is rare in many markets.
Austin & San Antonio, Texas: Remember how hot these places were a couple of years ago? Well, a lot of building has happened since then, and now there are more homes for sale than people looking to buy. This is fantastic news for buyers who want more choices and more room to negotiate.
Atlanta, Georgia: I've seen Atlanta pop up consistently as a top city for first-time homebuyers. The number of homes available is growing, and the prices are staying pretty steady, which makes it a more predictable place to buy.

The “Hottest” Cities: Where Your Money Grows Fastest

Now, if your main aim is to see your home's value increase significantly and have a solid investment for the future, you should be looking at those Northeast and Midwest “safe haven” markets I mentioned. Because it's so hard to build new homes in these areas, there just aren't many houses on the market. This scarcity is what's really driving up home prices in a healthy way. Based on forecasts from Realtor.com for 2026, here are some cities that are really shining:

Hartford, Connecticut: This city has earned the title of America's hottest and fastest-growing real estate market. Why? Buyers see it as a smart, affordable option that's still close enough to commute to big cities like New York and Boston. It's projected to see a huge jump in both sales and prices – around 17.1%.
Rochester, New York: Realtor.com put Rochester at the top for first-time homebuyers and second overall. The starting prices for homes are incredibly low, and it's expected to see about a 15.5% increase in combined sales and price growth. That’s a great combination for new buyers.
Worcester, Massachusetts: This is a major growth spot in New England. A lot of people looking to buy are coming from the super-expensive Boston area, and they're finding great opportunities in Worcester because there's just not enough housing in Boston.
Columbus, Ohio: The National Association of Realtors (NAR) really likes Columbus, and I do too. It's got a strong job market, partly thanks to nearby universities and tech companies. This helps keep home prices from going wild.

Comparing the Cities: Buyer vs. Seller Advantage

To make things super clear, let's look at a quick comparison. It really highlights the different opportunities out there.

Metro Area	Market Type	Primary Advantage	Core Driver in 2026
Indianapolis, IN	Buyer's Market	High Leverage & Low Competition	Strong local income-to-price alignment
Jacksonville, FL	Buyer's Market	Rent-to-Own Parity	Mortgages cost virtually the same as rent
Nashville, TN	Strong Buyer's Market	Heavy Negotiation Room	Significant home inventory surplus
Hartford, CT	Seller's Market	High Equity Appreciation	Extreme inventory deficit (74% below pre-pandemic)
Rochester, NY	Balanced/Growth	Entry-Level Affordability	High forecast sale counts and low median list price

Things to Watch Out For Before You Buy in 2026

Even in the best markets, there are always a few things to keep an eye on. I've learned that doing your homework is key!

The Sun Belt “Hidden Costs”: While home prices might seem lower in places like Florida and Texas, you really need to factor in the rising costs of homeowners insurance and those pesky HOA fees. They can eat up a good chunk of the savings you might see on the price tag.
The “Lock-In Effect”: In areas where there are a lot of homes for sale and buyers have the advantage (like Nashville or Houston), you'll find it easier to buy an older home because homeowners aren't as afraid to sell and move. In the Northeast, though, expect to be competing fiercely for any existing homes that come on the market.

As I see it, 2026 is a year of choices for home buyers. Whether you're a savvy investor looking for appreciation or a first-time buyer wanting to get your foot in the door without a fight, there are fantastic opportunities out there. Just remember to do your research, understand your local market, and consider all the costs involved. Happy house hunting!

🏡 Invest in Real estate in 2026 for Cash Flow

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Want Stronger Returns? Invest Where the Housing Market’s Growing

In 2026, select U.S. cities are projected to see surging demand, rising rents, and appreciation—creating prime opportunities for investors seeking passive income and long‑term wealth.

Work with Norada Real Estate to find stable, cash-flowing markets beyond the bubble zones—so you can build wealth without the risks of ultra-competitive areas.

🔥 HOT INVESTMENT LISTINGS JUST ADDED! 🔥

Talk to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Recommended Read:

Mortgage Rates Today, June 16, 2026: 30‑Year Refinance Rate Drops by 2 Basis Points

June 16, 2026 by Marco Santarelli

If you're thinking about refinancing your home, you'll want to hear this. Today, June 16, 2026, brings a little bit of good news for those looking to refinance a 30-year mortgage. The average rate has dipped by 2 basis points, settling at 6.70%. While this might seem like a tiny change, it's a welcome sign in what has been a pretty stubborn market.

Mortgage Rates Today, June 16, 2026: 30‑Year Refinance Rate Drops by 2 Basis Points

What This Tiny Dip Means for You

Let's be real, a 0.02% drop might not sound like a lot at first glance. But remember, mortgage rates are a bit like the weather – they can change by small amounts quite often. What's more important is the trend and what it signals about the economy.

I've been watching mortgage rates for a long time, and even these small movements tell a story. It seems like rates have been hanging out above the 6.0% mark for a while now. This is mainly because the economy is still showing some strength, which makes lenders a little hesitant to lower rates too much.

It's a bit of a puzzle, isn't it? We're seeing more people wanting to refinance compared to last year, but a huge chunk of homeowners (over 80%!) are still sitting pretty with rates that are much lower than today's. This means most of the refinancing happening right now is for people who either bought homes when rates were super high, or they're using the refinance to pull out some cash from their homes, not just to get a better rate.

Why Are Rates Sticking Around?

It's not just one thing making mortgage rates do what they do. Here are the big players:

Inflation is Still a Bit Sticky: Remember hearing about inflation? Well, it's still hanging around. The latest numbers from May showed prices jumped by about 4.2%. When inflation is like this, it puts pressure on things like the 10-year Treasury yield, and guess what? Mortgage rates tend to follow that yield pretty closely.
Jobs, Jobs, Jobs! The job market is still looking pretty good. More jobs are being created than folks expected, and people are holding onto their jobs. This means the economy isn't slowing down as much as some hoped it would, which makes it less likely that interest rates will drop quickly.
World Events Matter: Sometimes, news from far away, like conflicts in the Middle East, can really shake things up. When things calm down in those areas, the stock market (and bonds) can get a bit shaky, which can push Treasury yields and mortgage rates up. It’s a crazy connection, but it's true!
The Federal Reserve's Big Meeting: Big news! The Federal Reserve has a meeting coming up on June 17th. Everyone is watching to see if they'll signal that interest rates might go up, stay the same for a long time, or eventually come down. What they say, especially in their “dot plot” forecasts, will have a big impact.

What Should You Watch Out For If You're Refinancing?

So, you're thinking about refinancing? That's great! But before you jump in, here are a few things I always tell people to think about:

The Break-Even Point: Refinancing usually costs money upfront. We're talking about closing fees that can add up to 2% to 6% of your loan amount. You need to do the math! Will the money you save each month be enough to cover these costs over time?
Your Credit Score is King: Lenders want to see good credit. If your credit score is in the high 700s, you'll likely get the best rates. If it's lower, your rate quote could easily go past 7%. It's worth checking your credit report and maybe doing some work to boost it before you apply.
How Much Home Equity Do You Have? Your home's value compared to what you owe on it is super important. This is called your Loan-to-Value (LTV) ratio. If you have at least 20% equity, you usually won't have to pay Private Mortgage Insurance (PMI) on your new loan, which saves you money.
Timing and Locking Your Rate: Rates change daily, sometimes even hourly! If you see a rate you like, be ready to lock it in. This means you agree to that rate for a certain period. You need to be prepared to act fast when you see a good dip, especially with all the news that can cause rates to jump around.

Today's Rates at a Glance

Here's a quick look at the average rates today, June 16, 2026, according to data from Zillow:

Loan Type	Average Rate	Change from Last Week
30-Year Fixed Refinance	6.70%	Down 2 Basis Points
15-Year Fixed Refinance	5.79%	Stable
5-Year ARM Refinance	6.25%	Stable

My Two Cents on the Market

From my perspective, the slight dip today is a small positive sign, but it doesn't mean we're suddenly heading back to the super low rates of a few years ago. The economy is still holding strong, and that's the main reason rates are staying put. For most people, refinancing right now is only a good idea if you bought a home recently with a high rate, or if you absolutely need to pull out cash. If you're thinking about it, my best advice is to do your homework, get your finances in order, and be ready to act when the time is right. Don't chase rates too hard, but be aware of when a good opportunity presents itself.

🏡 Real Estate Investment: Tennessee vs Florida

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Build Passive Income & Wealth with Turnkey Rentals in 2026

Norada Real Estate helps you secure turnkey rental properties designed for immediate cash flow and appreciation—so you can invest smartly regardless of interest rate trends.

🔥 HOT 2026 INVESTMENT LISTINGS JUST ADDED! 🔥

Request a Callback / Fill Out the Form Online

How to Find Off-Market Properties for Sale in 2026?

June 15, 2026 by Marco Santarelli

In 2026, finding off-market properties often means looking beyond the usual places. The smartest buyers are discovering that the best properties – the ones that haven't even hit the open market – are out there, waiting to be found. I've learned that by combining smart technology with good old-fashioned legwork and building relationships, you can uncover these hidden gems before anyone else even knows they're for sale.

It’s no secret that the housing market in 2026 is a bit of a puzzle. With fewer homes for sale and lots of people looking to buy, competition is fierce. Trying to find a good deal on websites where everyone else is looking is like trying to find a specific shiny pebble on a beach full of pebbles. You might get lucky, but it’s a long shot. That’s why I’m so excited about finding properties that aren’t listed anywhere. These are what we call “pocket deals,” and they can be fantastic opportunities.

How to Find Off-Market Properties for Sale in 2026?

Over the years, I've spent a lot of time figuring out the best ways to uncover these off-market properties. It’s not magic; it’s a strategy. It involves using tools that help us see patterns in data, reaching out directly to people who might be ready to sell, and building a network of people who can point us towards these deals. I'm going to share my blueprint with you, the stuff that really works, so you can start finding these hidden treasures too.

1. Get Smart with Technology and Data

Think of technology as your superpower for finding off-market homes. In 2026, there are amazing tools that use smart computer programs to help us. They can look through tons of information and tell us which homes might be for sale, even if the owner hasn't put up a sign.

AI That Predicts Who Wants to Sell: There are cool services that use artificial intelligence. They look at things like if someone is going through a divorce, if there’s been a death in the family, or if they owe a lot in taxes. These are often signs that someone might need or want to sell their house. The programs give these houses a “score” to show how likely they are to be sold. I’ve found that paying attention to these scores is a huge time-saver.
Big Property Databases: Imagine having a giant list of almost every property out there. Tools like PropStream or PropertyShark let you filter this list. You can find homes owned by people who don't live there (absentee owners), houses that people have owned for a really long time (like 15 years or more, meaning they probably have a lot of value built up), or homes that are close to being foreclosed on. These filters help me zero in on properties that are more likely to be available.
Checking How Homes Are Doing (Even from Afar): It sounds wild, but some tech can actually look at pictures of houses from space or from the street. It uses something called “computer vision” to spot if a house looks like it needs repairs – like a messy yard, broken windows, or a roof that looks bad. I’ve seen how this can quickly show me which houses might be owned by someone who isn't keeping up with them and might be willing to sell for the right price.

2. Reach Out Directly to Potential Sellers

Once the technology helps you find a list of houses that seem promising, you can’t just wait for the owners to call you. You have to be brave and reach out to them directly. This is where the real connection happens.

Sending Mail That Gets Noticed: Sending letters to homeowners is still a really effective way to get their attention, especially if they’re going through a tough time. What I’ve learned is that you can’t just send one letter. You need to send a series of letters over several months – maybe 6 to 12 months. And each letter should say something a little different, giving them different reasons why they might want to talk to you. It’s about being persistent and showing you're serious.
Finding Contact Info When You Need It: Sometimes, you’ll find a house that looks great, but it’s owned by a company (an LLC) or someone who lives far away. That’s where “skip tracing” comes in. Many of those data tools I mentioned have built-in skip tracing. It’s like a detective service that instantly finds the actual phone numbers and email addresses of the owners. This way, I can contact them no matter where they are.

3. Make “Driving for Dollars” High-Tech

Going around town and looking for houses that need some love is an old trick, but in 2026, we can do it even better. This physical search is fantastic for finding homes that are visibly neglected, and you can often beat out other buyers because you’re seeing problems before anyone else.

Spotting the “Red Flags”: When I drive around, I’m always looking for signs that a house might be neglected. Things like grass that’s way too long, windows that are boarded up, or even a roof that looks like it’s seen better days. These are clear indicators that the owner might not be living there or might be having trouble taking care of the property.
Instant Tracking with Apps: Now, there are apps specifically for this. You can be driving, spot a house that looks like a potential deal, and use your phone to mark its exact spot on a map. The app can then help you quickly find the owner’s information and even start sending them a mailer or a text message right away. It turns a simple drive into a powerful lead-generation tool. I find this immediate action is key.

4. Build a Team of Deal Finders

Some of the best deals are never advertised. They change hands quietly through people who know people. Building strong relationships in the real estate world can open doors to these hidden opportunities.

Agents Who Handle Tricky Properties: Instead of just asking real estate agents for homes already listed, I look for agents who deal with properties that are hard to sell or take up a lot of their time. These might be houses with complicated ownership, major repair needs, or owners who are stressed. If I can show these agents I can quickly buy these properties, maybe even with cash, they’re happy to let me know about them before they hit the market.
Wholesalers: The Deal Sourcing Experts: Professional real estate wholesalers are fantastic partners. Their whole job is to find off-market properties, get them under contract, and then sell that contract to someone like me. They do the heavy lifting of finding the seller and negotiating the deal, and I get access to properties that I might never have found on my own. It’s a win-win.
Connect with People in the Know: I also make it a point to get to know contractors, property managers, and especially probate attorneys. These professionals often hear about people who are facing financial difficulties, going through legal issues like probate (when someone passes away and their property needs to be sold), or dealing with other situations that might lead them to sell their home quickly. They are often the first to know when a property might become available.

5. Explore Special Places to Buy

There are certain websites and events that are specifically for properties that aren’t listed in the usual way. These places are goldmines for off-market deals.

Marketplaces Just for Investors: You can find online platforms that are dedicated to properties that aren't on the big real estate sites. Sites like Mashvisor's Property Marketplace allow you to search for these unlisted properties and even contact the owners directly. It's another great way to get a jump on the competition.
Auctions: Fast and Focused: Foreclosure auctions are a direct way to buy properties that are being sold because the owner couldn't pay their mortgage. There are online auction sites, and you can also attend auctions at the courthouse. You need to be prepared, though, because these sales often require a significant down payment right away, and you usually have to pay the rest of the money very quickly, often within a day or two. It’s not for the faint of heart, but you can find some incredible deals.

Finding off-market properties in 2026 is all about being proactive, smart, and connected. It takes more effort than just browsing Zillow, but the rewards – finding great homes at better prices – are definitely worth it. I’ve seen firsthand how these strategies can lead to some of the best deals imaginable, and I’m confident that by applying them, you can too.

🏡 off-market Investment properties for sale

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Want Stronger Returns? Invest Where the Housing Market’s Growing

In 2026, select U.S. cities are projected to see surging demand, rising rents, and appreciation—creating prime opportunities for investors seeking passive income and long‑term wealth.

Work with Norada Real Estate to find stable, cash-flowing markets beyond the bubble zones—so you can build wealth without the risks of ultra-competitive areas.

🔥 HOT INVESTMENT LISTINGS JUST ADDED! 🔥

Talk to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Recommended Read:

Today’s Mortgage Rates, June 15: Rates Dip Easing Monthly Housing Costs for Buyers

June 15, 2026 by Marco Santarelli

As of Monday, June 15, 2026, the average rate for a 30-year fixed-rate mortgage has dipped slightly to 6.35%, offering a small but welcome breather for potential homebuyers. While this is a tiny step down, it's important to understand what this means for your wallet and how it fits into the bigger economic picture.

Today's Mortgage Rates, June 15: Rates Dip Easing Monthly Housing Costs for Buyers

A Closer Look at Today's Numbers

It's always a good idea to know the exact figures, and according to the latest data from Zillow, here's how things are shaping up today for purchase loans:

Loan Type	Today's Rate	Change from Yesterday	Comparison to Refi Rate
30-year fixed	6.35%	Down 1 basis point	1 basis point higher
15-year fixed	5.78%	Down 7 basis points	5 basis points lower
5/1 ARM	6.30%	Down 6 basis points	5 basis points higher

It's interesting to see the 15-year fixed rate making a more significant move downwards today, which might catch the eye of those looking for shorter-term commitment and lower overall interest paid. The 30-year fixed rate, while only nudging down a bit, remains the benchmark for many.

Why Are Rates Doing What They're Doing?

Understanding mortgage rates isn't just about the numbers; it's about grasping the forces that push them up and down. Right now, a few big things are keeping mortgage rates a bit higher than we might like.

First off, the job market is still surprisingly strong. When lots of people have jobs, the economy is humming along, and this makes the Federal Reserve less likely to lower its main interest rate. Think of it this way: if everyone's earning money, there's less pressure to make borrowing super cheap. The recent news of 172,000 jobs added in the U.S. economy is a clear sign of this resilience.

Then there's inflation, which has crept back up to around 4.2%. Inflation is like a hidden tax on your money. When prices go up, the money you have buys less. Lenders, who are essentially lending you money that will be paid back later, need to make sure the money they get back is worth as much as the money they lent out. So, when inflation is higher, they need to charge more interest to make it worth their while. This puts upward pressure on bond yields, which mortgage rates tend to follow.

Speaking of bond yields, the 10-year Treasury yield has been quite jumpy, even going above 4.5%. Why do we care about Treasury yields? Because mortgage rates often move hand-in-hand with them. Global events, like the ongoing tensions in the Middle East and their impact on oil prices, are making these yields very unpredictable. When there's uncertainty, investors often move their money around, and this can cause yields to spike.

Are We Saving Money Compared to Last Year?

This is a question I get asked a lot, and the answer is a bit nuanced: yes, but only a little.

Last year, around this time, the average 30-year fixed rate was hovering around 6.84% to 6.85%. Today's rate of 6.35% is about 0.50% lower. On a large loan, this can mean saving a noticeable amount of money over the life of the loan.

However, let's talk about the monthly payment reality. While today's rates are better than last year's peak, they're still higher than the 6.0% rates we saw earlier this spring. And here's the kicker: home prices haven't exactly come down. They've stayed pretty high. So, even with slightly lower rates, the combination of elevated home prices and rates above 6.5% means that monthly housing payments are stretching many buyers' budgets to their limits. It’s a tough balancing act for many trying to achieve homeownership right now.

A Quick Look at Other Loan Types

It's not just the 30-year fixed that matters. Here's a snapshot of other rates, also according to Zillow:

20-year fixed: 6.10%
7/1 ARM: 6.45%

For those with military service, VA loans often present a more attractive option:

30-year VA: 5.82%
15-year VA: 5.34%
5/1 VA: 5.64%

You can see that the VA loan rates are consistently lower across the board, which is a significant benefit for eligible borrowers.

My Two Cents: What I'm Seeing on the Ground

From my perspective, the market is still a bit of a puzzle. We're seeing these small fluctuations in rates, but the underlying economic factors – like that persistent inflation and a strong job market – are acting like anchors, preventing rates from dropping significantly.

For buyers, this means patience and smart shopping are key. Don't just jump at the first rate you see. Shopping around is crucial. Comparing offers from different lenders can save you thousands. And if you're considering an ARM, like the 5/1, make sure you fully understand the risks and rewards. While the initial rate might be lower, it could jump up after the introductory period.

For those looking to refinance, today might be a good day to at least check your options, especially if you have a 15-year loan. Even a small drop can add up. However, if your current rate is significantly lower than today's offerings, it might not be the right time to refinance just yet.

It’s a dynamic market, and staying informed is your best strategy. Keep an eye on economic news, and remember that your personal financial situation is the most important factor in deciding when and how to lock in a mortgage.

🏡 Real Estate Investment: Tennessee vs Florida

Franklin, TN

🏠 Property: Ribbon Ln

🛏️ Beds/Baths: 2 Bed • 2.5 Bath • 1662 sqft

💰 Price: $569,999 | Rent: $3,000

📊 Cap Rate: 5.1% | NOI: $2,415

📅 Year Built: 2022

📐 Price/Sq Ft: $343

🏙️ Neighborhood: A-

Port Charlotte, FL

🏠 Property: Chamberlain Blvd

🛏️ Beds/Baths: 4 Bed • 2 Bath • 1617 sqft

💰 Price: $274,900 | Rent: $1,845

📊 Cap Rate: 5.4% | NOI: $1,231

📅 Year Built: 2023

📐 Price/Sq Ft: $171

🏙️ Neighborhood: A+

Out‑of‑State investors can compare Tennessee’s newer rental with higher NOI vs Florida’s A+ property with strong yield. Which fits YOUR investment strategy?

We have much more inventory available than what you see on our website – Let us know about your requirement.

📈 Choose Your Winner & Contact Us Today!

Speak to a Norada Investment Counselor (No Obligation):

(800) 611-3060

Build Passive Income & Wealth with Turnkey Rentals in 2026

Norada Real Estate helps you secure turnkey rental properties designed for immediate cash flow and appreciation—so you can invest smartly regardless of interest rate trends.

🔥 HOT 2026 INVESTMENT LISTINGS JUST ADDED! 🔥

Request a Callback / Fill Out the Form Online

Mortgage Rates Today, June 15, 2026: 30‑Year Refinance Rate Drops by 2 Basis Points

June 15, 2026 by Marco Santarelli

Today, June 15, 2026, the average 30-year fixed refinance rate has dipped by 2 basis points, settling at 6.70%. This might not sound like a huge change, but in the world of mortgages, even a small drop can mean real savings for homeowners.

It's been a bit of a rollercoaster lately with mortgage rates. Just last week, the average 30-year fixed refinance rate was hovering around 6.72%. So, this little dip is a welcome sign for those looking to potentially lower their monthly payments or get a better deal on their home loan. I've been following these trends closely, and it seems like the market is still trying to find its footing.

Mortgage Rates Today, June 15, 2026: 30-Year Refinance Rate Drops by 2 Basis Points

Why the Dip Matters for You

You might be wondering, “What's 2 basis points to me?” Well, let's break it down. A basis point is just 1/100th of a percent. So, a 2-basis-point drop means the rate went down by 0.02%. While that sounds tiny, when you're talking about a loan that can last 15, 20, or even 30 years, those small percentage changes can add up to significant savings over time.

For instance, if you have a $300,000 mortgage, a 0.02% drop in interest rate could save you a few dollars each month. It might not be enough to plan a vacation around, but it's money back in your pocket that can go towards other bills or savings.

What's Happening with Other Rates?

It's not just the 30-year fixed rate that's seen some movement. According to Zillow, other refinance rates are also adjusting:

15-year fixed refinance rate: This rate has actually decreased by 3 basis points, now sitting at 5.75%. This is great news for those who want to pay off their home faster and are looking for a lower interest rate.
5-year ARM refinance rate: This one has seen a more noticeable drop, down by 20 basis points to 6.38%. Adjustable-rate mortgages (ARMs) can be a good option for some, especially if you plan to move or refinance again before the rate adjusts.

Here's a quick look at the numbers from Zillow:

Loan Type	Current Rate (June 15, 2026)	Previous Rate (Approx.)	Change
30-Year Fixed Refinance	6.70%	6.72%	-2 bps
15-Year Fixed Refinance	5.75%	5.78%	-3 bps
5-Year ARM Refinance	6.38%	6.58%	-20 bps

Data by Zillow.

Why Are Rates Doing This Dance?

It feels like every day there's a new headline about the economy, and it's no different for mortgage rates. Lenders are constantly trying to figure out what the economy is doing and how that affects the price of borrowing money. Here are a few big things that are playing a role right now:

Inflation is Stubborn: We've seen some reports showing that prices for everyday things are still going up faster than expected. The Consumer Price Index (CPI) report showed inflation jumped to 4.2%. When inflation is high, lenders tend to keep their interest rates higher to make sure they're still making money after accounting for the rising costs.
The Fed's Next Move: The Federal Reserve, which is like the main bank for the country, has a big meeting coming up on June 16–17. While they probably won't change their main interest rate, people who buy and sell loans are watching very closely what the Fed thinks might happen with rates in the future. This “dot plot” they release gives clues.
Treasury Yields Are Up: The rate on a 10-year Treasury bond has been climbing, going above 4.5%. Think of this like a general indicator for longer-term borrowing costs. When these yields go up, mortgage rates usually follow. A strong job market is a big reason why these yields are high.
Global Events: Things happening around the world, like conflicts affecting oil prices, can also make lenders nervous. If oil prices go up, it can increase the cost of everything from gas to shipping, which adds to inflation worries and keeps mortgage rates from falling too much.

Is Refinancing Right for You?

This is the million-dollar question, right? Seeing rates move can make you wonder if it’s time to jump in and refinance. Here’s how I think about it, and how you can too:

My two cents: I always tell people to look at the long game. A small rate drop today might seem minor, but if you plan on staying in your home for many years, it can make a big difference. It’s not just about saving a few bucks this month; it’s about your overall financial health for the future.

Here’s a simple way to figure out if refinancing makes sense for your situation:

4 Steps to See if Refinancing Makes Sense:

Compare Rates: A good rule of thumb is to refinance when the current rate is at least 1.00% lower than your existing mortgage rate. If your current rate is, say, 7.70%, and you can get a new one at 6.70%, that's a 1.00% difference, and it might be worth looking into.
Figure Out the Costs: Refinancing isn't free. You'll have to pay for things like appraisals, title searches, and lender fees. These costs can add up to about 2% to 6% of your loan amount. So, for a $300,000 loan, that could be anywhere from $6,000 to $18,000. Ouch!
Find Your Break-Even Point: This is super important. You need to know how long it will take for your monthly savings to cover the closing costs. You can calculate this by dividing your total closing costs by your estimated monthly savings. For example, if your closing costs are $6,000 and you save $200 each month, it will take you 30 months (or 2.5 years) to break even. If you think you might move before then, refinancing might not be the best move.
Think About Your Loan Term: When you refinance, you can often choose a new loan term. Going from a 30-year loan to a 15-year loan will likely get you a lower interest rate, but your monthly payments will be higher because you're paying it off faster. On the other hand, if you stick with a 30-year loan, your monthly payments will be lower, but you'll be paying interest for a longer time.

How to Get the Best Refinance Rate

If you've decided that refinancing is the way to go, here are my tips for snagging the best possible rate:

Talk to Your Current Bank: Don't forget to ask your current mortgage lender if they offer any loyalty discounts or can waive some fees. Sometimes, they'll offer you a better deal just to keep your business.
Shop Around: This is probably the most important step. Get quotes from at least three to four different lenders within a short period (like two weeks). This way, when you apply for loans, it only counts as one credit check, and you can compare offers side-by-side.
Focus on the APR: Don't just look at the interest rate! Always compare the Annual Percentage Rate (APR). The APR includes the interest rate plus all those extra fees and points. It gives you a much clearer picture of the true cost of the loan.

The mortgage market can seem complicated, but by understanding these basics and staying informed, you can make smart decisions about your home financing.

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