homebuyer retreat
Mortgage Rates Rise Yet Buyers Retreat - 3 Costly Traps
A 25-basis-point rate cut in May 2026 failed to revive buying because soaring living costs and tight supply keep buyers on the sidelines. Mortgage rates slipped to 6.38% from 6.45%, yet monthly payments for first-time buyers still hover above $3,000. This mismatch explains why the market remains