Mortgage Rates Remain High as Affordability Challenges Persist
Mortgage rates near 7 percent are reviving comparisons to 1997, yet coverage suggests today's buyers face a different affordability calculus.
6 trends tracked about this subject — the full history, oldest to newest below.
Mortgage rates near 7 percent are reviving comparisons to 1997, yet coverage suggests today's buyers face a different affordability calculus.
Home prices begin to drop in select United States markets while half of homeowners remain locked into low mortgage rates.
Stubborn sellers remain the primary force supporting home prices as mortgage rates climb and buyers vanish.
Home prices are declining in 36 of the 50 largest U.S. metropolitan areas as mortgage rates hit year-long highs and buyer demand cools.
Mortgage rates hit a 13‑month high at 6.71%, sparking debate over a possible climb above 7% as home prices set a new record.
U.S. home prices have hit a record high, driven by a market where sales are slowing and mortgage rates are rising.