The spring 2026 housing market is delivering one of the most volatile chapters American real estate has seen in years. Just three months ago, buyers were watching mortgage rates dip toward 5.87% and dreaming of affordability. Today the average 30-year fixed rate has climbed to 6.54%, the highest level in five weeks, and the culprit isn’t the Federal Reserve. It’s geopolitics, inflation, and a bond market that refuses to settle. For anyone trying to buy, sell, or invest in real estate right now, the rules have quietly changed.
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