Last Updated April 7th, 2025

Current National Mortgage Interest Rate Trends

As of Monday, April 7, 2025, the average interest rate for a 30-year fixed mortgage is 6.66%, down 9 basis points from last week. The average rate for a 30-year mortgage refinance is currently 6.76%, a 6-basis-point decrease from the previous week. Although rates have fluctuated, they remain relatively high. While experts in 2024 predicted rates might drop below 6% by year-end, ongoing market changes could impact those projections.

New Realtor Policy Lets Home Sellers Delay Online Listings, Stirring Industry Debate

A new policy from the National Association of Realtors will allow home sellers to delay publicly listing their properties online starting this fall. Supporters say it gives sellers more control and privacy, while critics worry it could further complicate the already challenging homebuying process. The policy permits agents to market homes privately before they appear on public sites like Zillow, with each MLS setting its own rules by September 30. The change has sparked debate within the industry, with some favoring greater transparency and others pushing for more private marketing options.

Canadian Snowbirds Rethink U.S. Travel Amid Rising Tensions and New Restriction

Rising political tensions and economic policies under former President Trump are discouraging many Canadian snowbirds from returning to the U.S., particularly to winter destinations like Arizona. Canadian patriotism is surging, while interest in U.S. travel and property ownership is sharply declining, with advance bookings for flights down over 70% compared to last year. This drop in tourism could significantly impact local economies, as Canadians are a major source of international visitors and seasonal residents in states like Arizona and Florida. New immigration rules and increased living costs are also contributing to Canadians reconsidering their long-standing winter migration south.

Arizona’s Commercial Real Estate Market Booms with Billion-Dollar Deals in 2024

In 2024, Arizona's commercial real estate market saw major activity across multifamily, office, industrial, and mixed-use developments. High-profile transactions included the $705 million sale of the Arizona Biltmore and Microsoft’s $258 million purchase of the Copperwing Logistics Center. A standout deal in the multifamily sector was the $183 million sale of AVE Paradise Valley Apartments, while the office market was highlighted by the sale of 24th at Camelback II. These developments reflect Arizona’s booming real estate landscape, driven by tech industry growth and large-scale investments.