---
title: "Redfin Reports Homebuying Demand Slows As Mortgage Rates Hit Highest Level in a Year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294365684.md"
description: "Redfin reports that pending home sales in Seattle dropped 1.7% to their lowest level since April, driven by mortgage rates hitting a one-year high. While home listing tours increased 15% year-to-date, this growth is significantly slower than the 31% rise seen last year, indicating a notable slowdown in homebuying demand."
datetime: "2026-07-30T12:12:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294365684.md)
  - [en](https://longbridge.com/en/news/294365684.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294365684.md)
---

# Redfin Reports Homebuying Demand Slows As Mortgage Rates Hit Highest Level in a Year

In Seattle, U.S. pending home sales have reached their lowest point since early April, seeing a 1.7% decrease just in the last week ending July 26. This data comes from a recent report by Redfin, a real estate brokerage partnered with Rocket. Home listing tours have gone up by 15% since the beginning of the year, a drastic drop from the 31% increase seen last year at this time, according to ShowingTime. The decrease in demand for home purchases can be attributed in part to the increase in mortgage rates.

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