As stock markets plunged and economists warned of a potential recession after President Donald Trump’s implementation of massive new tariffs this week, some Americans wonder whether there may be a silver lining — lower mortgage rates.

As the stock market volatility rocks the U.S. economy, homebuyers wonder how President Trump's tariffs will affect mortgage rates.

The uptick in seller activity is notable because even as the lock-in effect eases, the gap between today’s market rates and the rate many homeowners have on their current mortgages is quite large. In fact, the latest data shows that 82% of homeowners with a mortgage had a rate below 6%, down from 87% one year ago.