Mar. 26 at 5:41 PM
Zillow predicts mortgage rate impact on housing market
Against this backdrop, real estate technology company Zillow noted that affordability is still improved over March 2025 — and said the recent uptick in rates has chipped away at those improvements and rattled some buyers’ nerves, prompting many to pause or wait for more stability before moving ahead.
Mortgage rates have risen back to the mid-6% range, after briefly falling below the important psychological threshold of 6%,” Zillow wrote. “Here lies the conundrum for what it means for home buying and selling — affordability is still improved from a year ago, but about a third of the gains have reversed in recent weeks.”
$ZG