Mortgage rates near pandemic-era highs at 7.4%. Housing economists explain why sticky inflation and rising bond yields will keep 30-year rates elevated through 2026.
In the US, the 30-year fixed-rate mortgage interest rate is hovering around 7.4%, close to 7.8%, its highest level in the last 25 years. While the high interest rate environment is suppressing housing demand, a more structural problem is emerging on the supply side. Total sales...