Americans waiting for mortgage rates to finally come back down are still facing an expensive reality.
Borrowing costs remain elevated across the United States, continuing to squeeze prospective homebuyers and putting additional pressure on a housing market already struggling with high prices and limited affordability. While rates have moved up and down throughout the year, the dream of returning to the ultra-low mortgage rates many Americans enjoyed just a few years ago remains out of reach.
As of the latest available industry measurements, the average rate for a 30-year fixed mortgage is hovering around the upper 6 percent range.
