Interest rates trending down

In a sign that should bring a smile to the faces of homebuyers, daily and weekly average mortgage interest rates are on a downward trajectory in the wake of recent bank collapses. This could help to ease inflation and get the volatile market back on track in time for a summer warming.

While these data sets come from multiple sources with different methodologies to calculate their figures, the trends are extremely similar. That said, it can be difficult to predict short-term rate changes, so it’s important to keep the big picture in mind. For example, despite a spike over the past year, rates remain well below where they were in the 1990s.