The market, in plain English.
Where rates and prices stand, and what it means for your move.
This week's mortgage rates
Freddie Mac publishes the national average 30-year and 15-year fixed rates every Thursday. Your actual rate depends on credit, down payment and loan type, so talk to a lender for a real quote.
2020–21 record lows
Late-2023 peak
Long-run average since 1971
Housing market trends
- Inventory: still tight in many neighborhoods, so well-priced homes move fast.
- Prices: generally steady, with modest appreciation in most areas.
- Days on market: homes that are priced right and look great still sell quickly.
What it means for you
Buyers: get pre-approved early so you can move quickly on the right home. You can refinance later if rates drop.
Sellers: price competitively from day one, and keep more of your proceeds with a 2% listing fee.
When should you lock your rate?
Lock now if…
You've found your home, rates are trending up, or you're happy with today's rate.
Consider waiting if…
You're still house hunting, rates are trending down, or you're improving your credit.
Pro tip
Locks usually last 30–60 days. Make sure yours covers your closing date.
General information, not financial advice. Rate figures are approximate national averages.
Want a market update for your neighborhood?
Dustin can pull what homes like yours are selling for right now.