According to the Freddie Mac report published this Thursday, 30-year fixed benchmark mortgage rates in the United States rose again this time to their highest level in almost a year, standing at 6.55% from 6.49% last week.

Regarding 15-year fixed mortgage interest rates, they also increased from 5.82% to 5.93%. For Sam Khater, chief economist at Freddie Mac, the market has moved in recent days on weaker purchase request demand.

However, the economist believes that “housing affordability is more favorable and housing inventory continues to increase, so the outlook for potential home buyers is improving modestly,” he added.

For her part, Hannah Jones, senior economist at Realtor.com, points out that the moderate headline inflation data could be a good sign, especially for sectors that closely follow the Federal Reserve's interest rates.

This year, decisions on interest rates have been affected and influenced by various factors, mainly by the conflict in the Middle East and, although the market is not directly affected by interest rates, the yields on Treasury bonds are, which by the end of this week already reached 4.57%.

"The conflict in the Middle East escalated this week, driving up oil prices and Treasury yields. Since mortgage rates typically track the yield on 10-year Treasury bonds, they are likely to follow the same trend as long as volatility in oil markets persists," Jones added.

But high mortgage rates aren't the only reason many consumers are staying away from the market; The lack of inventory has also driven the prices of many properties to very high levels, causing a severe affordability crisis.