Mortgage Rates Rise to 6.37%: Is the Spring Housing Market in Trouble?

The Freddie Mac 30-year fixed mortgage rate has moved up to 6.37%. Senior Economists Anthony Smith and Hannah Jones from Realtor.com break down why geopolitical tensions in the Middle East are driving volatility and what this means for your home search. Despite the recent climb, we reveal why this spring remains the most favorable buying season in years, with falling home prices and rising inventory providing a unique window of opportunity. Plus, we answer your top questions: Will we ever see 3% mortgage rates again? And how are sellers using "rate buy-downs" to close deals? 0:00 Weekly Mortgage Rate Update with Anthony Smith 0:46 The 2026 Spring Housing Market Backdrop 1:41 Breaking Down the 6.37% Mortgage Rate Spike 2:52 Why This Spring is Surprisingly Favorable for Buyers 4:42 How Middle East Tensions Impact Your Interest Rate 5:50 What to Watch: Inflation & The Next Fed Meeting 6:33 Will Mortgage Rates Ever Drop Below 3% Again? 7:28 Seller Concessions: Rate Buy-Downs & Closing Costs 8:48 The Rise of Multi-Generational Living Trends 10:19 Where to Find Local Market Data For the full weekly report: https://rltor.cm/mortgagerates-may7 WATCH NEXT Building a legacy starts with the right strategy. Watch our latest video: The New Rules of Generational Wealth: https://www.youtube.com/watch?v=0xGoz05kxMA RESOURCES & DATA 📈 Detailed Housing Reports: https://www.realtor.com/research/ 📊 Free Housing Data: https://www.realtor.com/research/data 🏠 Find your next home: https://www.realtor.com 📱 Download our mobile app: https://www.realtor.com/mobile JOIN THE COMMUNITY - Follow us on: Facebook: /realtor.com Instagram: /realtordotcom TikTok: /realtor.com Threads: https://www.threads.net/@realtordotcom X: /realtordotcom Pinterest: /realtordotcom #realtor #realestate