United States Housing Market

What is the US housing market like right now? Sellers still have the upper hand with low inventory, and strong buyer demand, which has caused home prices in much of the country to rise year over year. Additionally, mortgage rates continue to be a driving factor in the housing market with rates hovering around 6-7% throughout 2024.

Average Mortgage Rates

Primary Mortgage Market Survey®

U.S. weekly averages as of 06/06/2024

30-Yr FRM

6.99%
1-Wk change -0.04
1-Yr change 0.3
4-Wk avg. 7%
52-Wk avg. 7.01%
52 Week Range
6.60%
7.79%

15-Yr FRM

6.29%
1-Wk change -0.07
1-Yr change 0.19
4-Wk avg. 6.29%
52-Wk avg. 6.33%
52 Week Range
5.76%
7.03%

Average Mortgage Rates Over Time

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Median List Price

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Median Days on Market

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