06/01/2026
Mortgage Update: Rates Edge Up, But Buyer Demand is Waiting 🏠📈
Freddie Mac’s newest survey shows a tiny uptick in averages this week, but there is a major silver lining: pending home sales have been rising, proving buyers are ready to jump into the market the moment rates ease!
The New Averages:
🔹 30-Year Fixed: 6.53% (Last week: 6.51%)
🔹 15-Year Fixed: 5.87% (Last week: 5.85%)
💡 Why it matters: Rates are still lower than a year ago, when the 30-year average was a higher 6.89%.
The Strategy: Even with minor weekly shifts, the data shows that latent buyer demand is very strong right now.
Focus on your long-term goals and shopping around for the best deal! 💰