American homebuyers are experiencing higher mortgage rates due to revised projections by Redfin Corp. The company initially predicted an average mortgage rate of 6.1% for the upcoming year, but this estimate has now been adjusted to 6.8% to reflect the current high levels.

Daryl Fairweather, Redfin"s chief economist, suggests that the market is responding to the potential implementation of tariffs by President Trump, although the details of his policies are still uncertain. This change in expectations highlights the volatility in the housing market as buyers prepare for the financial implications of the new administration.