✉news BusinessReal Estate first seen 1 d ago, last 18 h ago, peak #9

Mortgage Rates Stay Above 7% as Housing Market Stalls

Original: Mortgage Rates Remain Above 7% in a Stalled Housing Market

Average US mortgage rates remain above 7%, keeping home buying out of reach for many and leaving the housing market largely frozen. Elevated borrowing costs continue to discourage both buyers and sellers, with little sign of improvement expected soon.

Why now: High mortgage rates are a pressing concern for households weighing home purchases amid affordability worries.

NerdWalletUnited States housing market

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Evidence

• Mortgage Rates Remain Above 7% in a Stalled Housing Market · Leader Publications
• Mortgage Rates Remain Above 7% in a Stalled Housing Market · The Mountaineer
• Mortgage Rates Remain Above 7% in a Stalled Housing Market · NerdWallet

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