Facts: The average 30-year fixed mortgage rate from Freddie Mac decreased to 6.65%, down from 6.67% last week. At this rate, with a 20% down payment, the monthly mortgage payment amounts to $2,054 for a home priced at $400,000. With a 10% down payment, the typical payment would be $2,311.

Positive: First-time buyers may make progress as FHA and VA loan applications continue to increase. Stable rates and more inventory present a positive outlook for spring shoppers. 

Negative: Mortgage interest rates appear to be stuck in second gear, hovering in the mid-6% range. Without a significant change in rates, homeowners may simply remain in place, continuing to enjoy housing equity gains.