Redfin, Zillow, and Mortgage News Daily have highlighted a significant increase in mortgage rates and homebuyer trends. For the first time in five years, more than one in five U.S. homeowners have a mortgage rate above 6% than a rate below 3%. This shift represents a significant reversal from the days of ultra-low rates. Freddie Mac reported that the 30-year fixed rate mortgage (FRM) averaged 5.98%. Matthew Graham, chief operating officer for MND, suggested that this could drive more potential buyers into the market for spring homebuying season. However, he also noted that oil and rates can both respond to economic strength.