Are Mortgage Rates Freezing Sales? | When Experience and Results Matter

Mortgage rates above historical norms continue discouraging many potential buyers from entering the housing market.
Existing homeowners remain reluctant to sell because replacing their low-rate mortgages would significantly increase monthly payments.
Home sales activity has stayed subdued despite stable employment and continued population growth across many regions.
Economists expect only gradual improvement unless borrowing costs decline meaningfully over the coming year.