After the substantial slowdown in growth last fall, home prices stabilized during the winter and began to modestly rise over the last few months. This indicates that while affordability remains a hurdle, homebuyers are getting used to current rates and continue to pursue homeownership.

Primary Mortgage Market Survey®
U.S. weekly averages as of 05/18/2023:

30-Year Fixed Rate Mortgage 6.39%
15-Year Fixed Rate Mortgage 5.75%

Source: Freddie Mac