
U.S. Housing Affordability Remains Under Pressure as Mortgage Costs Challenge Homebuyers
High borrowing costs and elevated home prices continue to complicate housing decisions, while property supply and buyer demand shape local market conditions.
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High borrowing costs and elevated home prices continue to complicate housing decisions, while property supply and buyer demand shape local market conditions.

Renters across the United States continue to face a changing housing landscape as mortgage rates moved higher at the start of the week, reinforcing affordability challenges that have slowed homebuying activity and influenced demand for rental housing. As of July 13, the national average rate for a 30-year fixed mortgage rose to 6.58%, extending a