As of mid-March 2025, the average rate for a 30-year fixed-rate mortgage in the United States was 6.65%.

These fluctuations are influenced by factors such as investor expectations for future inflation and Federal Reserve interest rate policies. Concurrently, mortgage applications have seen an 11.2% increase, attributed to these easing rates, with inventories of homes for sale rising, offering buyers more options. However, the housing market faces challenges, including rising construction costs due to tariffs and labor shortages, which could impact future loan activity.