---
title: "Mortgage rates climb as buyer’s market momentum slows"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286473177.md"
description: "Mortgage rates have increased, with the average 30-year fixed rate rising to 6.57% following a significant PPI inflation report. The buyer's advantage is diminishing, as Redfin data indicates a decrease in the surplus of sellers from 48.9% in December to 46.5% in April. Additionally, seven U.S. metropolitan areas are now classified as seller's markets, the highest number in nine months, while 34 areas continue to be in buyer's market conditions."
datetime: "2026-05-14T21:43:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286473177.md)
  - [en](https://longbridge.com/en/news/286473177.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286473177.md)
---

# Mortgage rates climb as buyer’s market momentum slows

Rates tick upward: Average 30-year fixed mortgage rates rose to 6.57% after a sharp PPI inflation reading, the highest since late March. Buyer’s edge wanes: Redfin data shows a narrowing gap between sellers and buyers, with April’s 46.5% surplus of sellers down from 48.9% in December. Regional market shifts: Seven U.S. metros now qualify as seller’s markets, the highest in nine months, while 34 remain in buyer’s market territory.

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