Mortgage rates rose this week, with the 30-year fixed rate averaging 6.23%, up from 6.18% last week, according to Bankrate’s latest lender survey. For 15-year mortgages, the rate was 5.61%, and for 30-year jumbo loans, it was 6.38%. The national median family income for 2025 was $104,200, while the median price of an existing home sold in December 2025 was $405,400. Home prices have begun to dip in many formerly hot markets, with half of the nation’s 50 largest metro areas experiencing price declines over the past year, according to Zillow.

The Federal Reserve announced it would hold its benchmark interest rate steady, as expected, and mortgage rates are nearly a full percentage point lower than a year ago. President Donald Trump’s announcement directing Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities led to a temporary dip in rates, but the effects may not be long-lasting. Fannie Mae’s January 2026 Housing Forecast predicts rates will sit at 6% for most of 2026 and 2027.

Read more at Yahoo Finance: Mortgage rates move up, still near three-year low