Mortgage rates remained lower and relatively stable throughout January, supported by easing inflation and Federal Reserve rate cuts. This stability has encouraged many would‑be buyers to re‑enter the market after a long period of volatility.
Several factors are driving the uptick in sales:
Improved affordability — With 30‑year fixed rates hovering around 6.17% nationally and 15‑year rates below 6%, monthly payments are more manageable than they were through most of 2025.
Renewed buyer confidence — After years of sharp swings, the market has calmed. Early 2026 brought lower borrowing costs and more predictable conditions, giving buyers room to plan.
Better inventory conditions — Slower home‑price growth and improved inventory in many areas have made it easier for buyers to find homes that fit their needs.