The Economic Times

Why US housing market is booming despite war uncertainty and mortgage rates rising to 6.35%buyers rush into surprising spring homebuying surge

The US housing market is showing unexpected strength this spring. Mortgage rates are rising again. Yet buyers are still entering the market in large numbers. The average 30-year mortgage rate now stands at 6.356%. That is a fresh increase of 3 basis points. At the same time, global war uncertainty continues to pressure financial markets. Still, the US housing market is not slowing down. The biggest factor supporting the US housing market right now is seasonal demand. Spring is historically the busiest time for homebuying activity. Families prefer moving before the new school year begins. Weather conditions also make property visits easier. These patterns are repeating again in 2026.