GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
Thats well down from a high of 7.79% in October 2023 and below the 52-week average.
Rates for a 15-year fixedmortgageare also below the 52-week average.
This trend bodes well for house hunters, who havent had much to cheer about lately.
All four U.S. regions registered price gains.
While home prices are increasing and mortgage rates remain relatively high, these factors make homes less affordable.
Its common for these trends to intensify during thespring buying seasonwhen buyer demand increases.
Increased housing supplyspells good news for consumers who want to see more properties before making purchasing decisions.
Using recent data fromRealtor.com, GOBankingRates found 20 cities with median home prices well below the national median.
Here are the housing markets with affordable home prices.
