Current mortgage rates are still near 7%.
Home Depot exec says Americans may soon embrace sky-high mortgage rates as ‘the new normal’ and invest in housing anyway
February 25, 2025
Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates
June 28, 2025
The housing market is flashing warning signs about high mortgage rates and Gen Z and millennial first-time buyers, Capital Economics says
Home prices are at the crux of the housing affordability crisis in the U.S.
Builders also continue to offer mortgage-rate buydowns and other incentives to make new builds attractive to buyers.
A lower rate should be “enough of an incentive” for some homeowners to sell their homes and trade up, opening up inventory.
About 20% of borrowers have mortgages with a rate over 6%.
“We see the housing market remaining relatively stuck without major progress being made on affordability,” home construction CEO…
“The dreaded mortgage rate ‘lock-in’ effect is fading,” said real estate investor and Reventure CEO Nick Gerli.
