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U.S. Mortgage Rates Hit Year High as Median Home Prices Reach Record, Pressuring First-Time Buyers

2026-07-16 14:10:31

According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), elevated mortgage rates over the past year combined with record-high median home prices have weighed on the real estate market, particularly impacting first-time homebuyers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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