Mortgage Rates Hold Steady—What It Means for Buyers and Sellers This Spring

by Scott Kaplan

Mortgage rates have seen minimal movement again this week, continuing a trend of relative stability that’s become more consistent over the past couple of months. According to Freddie Mac’s latest Primary Mortgage Market Survey, this steadiness is starting to create a sense of predictability in an otherwise unpredictable market.

Sam Khater, Chief Economist at Freddie Mac, highlighted that mortgage rates have remained within the same 20 basis-point range recently. “This stability continues to bode well for buyers and sellers alike,” he said, offering a positive signal for those navigating today's real estate landscape.

Our CEO at One Real Mortgage, Samir Dedhia, echoed that sentiment: “Rates have now stayed under 7% for 14 straight weeks—a reassuring signal for those trying to make sense of a volatile market.” That consistency is welcome news, especially as more buyers and sellers enter the market this spring.

Hannah Jones, a Senior Economic Research Analyst at Realtor.com, also weighed in. She noted that there are “a few signs of progress” as the spring buying season kicks off. New home sales are on the rise, and the number of homes for sale continues to grow—both encouraging indicators for anyone currently shopping for a home or preparing to list.

Here’s where mortgage rates stand this week:

30-year fixed-rate mortgage (FRM): 6.81%, slightly down from last week’s 6.83%. A year ago, the rate was 7.17%.
15-year fixed-rate mortgage: 5.94%, down from 6.03% the previous week. A year ago, it stood at 6.44%.

That said, some uncertainty remains. Jones also pointed out that ongoing shifts in economic policy—especially around tariffs—are stirring up market anxiety, which continues to put pressure on mortgage rates.

While rates aren’t dropping dramatically, the current level of stability offers a much-needed breather for homebuyers and sellers making plans in today’s market.