first-time homebuyers

October 17, 2026 ・Guest Commentaries

Stop Blaming Mortgage Rates for Slumping Home Sales

Housing activity has frozen as the average 30-year mortgage rate climbed from 6.2 percent last October to 7.4 percent this month, but a rate of 7 percent is historically unremarkable and only looks high because the Fed spent years suppressing rates with quantitative easing. With long-term yields likely to stay elevated under $40 trillion in […]

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