Spring is in full swing, bringing one of the busiest seasons in real estate. Whether you’re buying your first home or preparing for your next move, this time of year offers new opportunities and important decisions.
If that sounds like you, welcome—you’re in the right place! We’re here to guide you with the latest mortgage and housing insights so you can move forward in your homebuying journey feeling informed and confident.
What We’re Seeing in the Market
As of March 2026, Mortgage News Daily reports that the average 30-year mortgage rate sits in the mid-6's range, up from a recent three-year low in the high 5's range at the end of February. For context, over the past few years, mortgage rates have generally remained in the high 6's to low 7's range.
While current forecasts suggest rates may stay in the low- to mid-6's range for much of the year, they can still shift in response to inflation, employment trends, and broader economic conditions. Your individual rate will depend on several factors including your lender, loan program, loan term, credit score, and the size of your down payment.
Housing Inventory
Housing inventory varies widely by region. Nationally, supply has improved to its strongest position since 2019. After hitting a historic low in 2022 when inventory was down 68% compared to pre-pandemic levels, the deficit had narrowed to just 12% by December 2025.
Regional trends, however, tell a more nuanced story.
- Midwest, Rust Belt, and Upper Northeast: These markets continue to experience moderate to strong home price growth, which means inventory remains tight. Buyers in these areas may encounter more competition and fewer available homes.
- South, Southeast, and Southwest: These regions have seen moderate to strong price declines, resulting in more plentiful inventory and less buyer competition.
Strategies for a Smarter Homebuying Journey
Understanding today’s market gives both buyers and sellers a major advantage when navigating the homebuying process. Here are a few ways to set yourself up for success in 2026 and make your move with confidence.
The Importance of Preapproval and a Trusted Lender
A strong homebuying experience starts with understanding your options and having the right support. One of the first steps is talking with a lender about pre-qualification and pre-approval. A pre-qualification gives you an early estimate of what you may be able to afford, while a pre-approval is a more in-depth review of your finances that shows sellers you are a serious, qualified buyer.
In competitive markets especially, a pre-approval can give you an edge and help your offer stand out. It also gives you more confidence in your budget, so you can move forward knowing you are in a strong position to secure financing.
1. Optimize Your Buying Power
2. Strengthen Your Credit
To help boost your score:
- Pay all bills in full and on time
- Keep credit card balances below 30% of your available limit1
- Avoid opening new credit unless absolutely necessary
- Avoid closing credit accounts unless needed – doing so can detract from your length of credit history
3. Ask About Specialized Loan Programs
Not all home loans are one size fits all. Understanding your options can help you feel more confident and potentially save money upfront and over time.
Ask your lender about programs like adjustable rate mortgages or rate buy downs, which may help lower your payment or upfront costs. If cash to close is a concern, some loans offer low or no money down, and closing costs may be partially covered. While putting less money down can mean a higher monthly payment, it can also help you keep more savings on hand for unexpected expenses.
Ask your lender when you’re eligible to lock in your interest rate — and whether you can secure a rate before you find a home. If that option is available, it can help protect you from potential rate increases and reduce the risk of payment shock once you go under contract.
4. Evaluate Your Other Debts
5. Choose the Right Loan Term
At CommunityAmerica, our team of Mortgage Advisors are local, so we always have a pulse on the local housing market trends. Whether you’re looking for your first home, your next dream home or even to refinance your current home, your Mortgage Advisor is here to help every step of the way.
If you have questions about your mortgage options, interest rates, or the best way to get started, give our Mortgage Advisors a call at 800.892.7957 or schedule an appointment online.
