Mortgage rates are down and under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.94%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.10%.

Mortgage rates could keep going up in June as all types of interest rates climb. House prices in most of the country continue to rise, but more slowly.

High mortgage rates continue to keep Gen Z and most Americans on the sidelines. Millennials (people born between 1981 and 1996) are far more interested in buying homes today than they were just six months ago.