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Mortgage Rates Are Nearing 7%. One House Hunter Says He's "despondent."

The average 30-year fixed loan reached 7.2% this week as 1.62 million homes sat unsold and prices held near $429,100, Realtors said.

Summary by CBS News
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.

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Mortgage rates are nearing 7%. One house hunter says he's "despondent."

"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.

·New York, United States
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NBC NewsNBC News
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Lean Left

Soaring mortgage rates and high prices are putting homeownership further out of reach

Interest rates on a 30-year fixed mortgage soared to 7.2%. Coupled with near record high prices, it’s putting homeownership out of reach for millions.

·New York, United States
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online-listing.comonline-listing.com

Soaring mortgage rates and high prices are putting homeownership further out of reach – NBC News

Soaring mortgage rates and high prices are putting homeownership further out of reach  NBC Newshttp://dlvr.it/TVXkgX

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  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

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NBC News broke the news in New York, United States on Friday, September 18, 2026.
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