Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.75%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

“Treasury yields finished higher last week on average despite an intra-week drop, driven partly by renewed concerns of the impact of tariffs on the economy,” says Joel Kan, deputy chief economist at the Mortgage Bankers Association.

Yesterday's inflation data show early signs of tariff-induced price growth. Here's what that means for prospective homebuyers.