According to the Freddie Mac report published this Thursday, 30 year mortgage rates increased from 6.30% to 6.37% by the close of the first week of May, which suggests that the real estate market continues to show some volatility and instability that could away future buyers in the coming weeks.

In this regard, Lisa Sturtevant, chief economist at Bright MLS, believes that “the expectation that interest rates will be below 6% is “spring has gone, and buyers and sellers are likely to face rates around 6.50% during the summer,” he told ABC News.

For their part, 15-year fixed mortgage rates also increased from 5.64% to 5.72% in the last week, slowly approaching the 5.89% they were a year ago, according to Freddie Mac analysis.

Higher mortgage interest rates are a reaction to the 10-year Treasury bond market, which is and was at 4.37% this Thursday and in the last months has been influenced by the increased prices of energy in the conflict in the Middle East, which has not only generated the closure in the strait of Hormuz and geopolitical tension in general, but has intensified uncertainty regarding the economy and inflationary pressure.

Although this week ATTOM real estate data revealed that in some states home prices began to fall after reaching tsar historical levels. In at least 39 of the 129 largest cities in the country, prices fell up to 9% compared to the previous year.

According to Jake Krimmel, senior economist at Realtor.com, although the trend doesn't show a full recovery or has returned a normality, “it just seems to be normalized little by little,” he said, which is a positive thing for future buyers.