Mortgage rates rose slightly this week but are still at a three-year low, according to Freddie Mac. The average rate for a 30-year fixed mortgage is now 6.09%, up from 6.06% last week. A year ago, the average rate was 6.96%. Home delistings are on the rise as sellers struggle to get their desired prices in an improving economy. Freddie Mac’s Chief Economist recommends buyers shop around for the best mortgage rates. Some markets may see a surge in homebuying as mortgage rates fall. Mortgage rates are influenced by various factors, including the Federal Reserve and geopolitics. The average rate for a 15-year fixed mortgage increased to 5.44% from 5.38% last week. Realtor.com predicts relief for homebuyers in certain markets in 2026 due to recent policy decisions impacting interest rates. President Trump’s announcement of Fannie Mae and Freddie Mac buying $200 billion in mortgage-backed securities contributed to rate declines, but uncertainty around implementation may limit the impact.

Read more at Yahoo Finance: Mortgage rates tick higher but remain near 3-year low