According to Freddie Mac's latest report for the month of April, 30 year fixed benchmark mortgage rates were increased n from 6.23% to 6.30%, while the 15-year reference mortgage rate was at 5.64% compared to 5.58% from the previous week.

In this regard, Sam Khater, chief economist at Freddie Mac, commented that “since interest rates had decreased slightly in recent As weeks, purchase demand has accelerated, and purchase requests have increased by more than 20% compared to the previous year,” he said.

For Khater home purchase demand has remained strong in the spring season, noting that, compared to previous years, potential buyers have reacted positively to mortgage rates as to higher inventory.

However, Jiayi Xu, an economist at Realtor.com, believes that the market is still influenced by external factors such as the conflict in the Middle East, which has caused an increase in inflation due to rising energy prices.

Those factors, according to Xu, are important to any buyer's decision-making. “Despite the key decisions and the upcoming lid transition erazgo in the Federal Reserve, geopolitics is likely to be the main factor influencing short-term mortgage interest rates,” he said.

Although the real estate sector is not directly affected by the decisions made in the Federal Reserve on interest rates, the evolution of 10-year Treasury bonds is a key factor.

Xu adds that “after the stalling of peace talks between the United States and Iran this week, the 10-year Treasury bond rose above 4.3% and exceeded the threshold of “l 4.4% after the Federal Reserve kept interest rates unchanged and expressed concern over general uncertainty linked to tension in the Middle East.”