Mortgage rates rose slightly this week, as President Donald Trump’s chaotic tariff agenda drove economic uncertainty and volatility in financial markets.

The average rate on 30-year fixed home loans rose to 6.65% for the week ending March 13, up just slightly from 6.63% the prior week, according to Freddie Mac. Rates averaged 6.74% a year ago.

The uptick this week breaks a seven-week streak of falling rates, which have nevertheless remained in a relatively narrow range after peaking just above 7% in the middle of January.

“Despite volatility in the markets, the 30-year fixed-rate mortgage remained essentially flat from last week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates continue to be relatively low versus the last few months, and homebuyers have responded.”

Price reductions rise as sellers try to woo buyers

The Realtor.com economic research team’s weekly housing market update shows that for the week ending March 8, the share of homes with a price reduction increased by 0.8% compared to a year ago, suggesting more sellers are adjusting prices to attract buyers.

The median list price of homes on the market was also down 0.2% from the same week last year, marking the 41st straight week of listing prices that are falling or flat on an annual basis.

“While the price drop remains moderate, it signals a continuation of the trend toward a more balanced market,” says Realtor.com senior economic data analyst Hannah Jones.

Controlling for the size of home, the median list price per square foot increased by 1.2% annually, suggesting the typical size of homes on the market is shrinking.

Developing story, check back for updates.