U.S. mortgage rates have doubled since 2021
The post U.S. mortgage rates have doubled since 2021 appeared on BitcoinEthereumNews.com. The housing situation in the U.S. has hit a new low. Everything from mortgage rates to home prices and rent has spiraled out of reach. Homebuyers are pulling out. Renters are going broke. Builders are freezing projects. And analysts are saying what nobody wants to hear: this whole thing is starting to feel way too familiar. The warning signs are so loud, people are comparing today’s market to the days leading up to the 2008 crash. Mortgage rates are now hovering at 6.82% as of July 2025. That’s more than double the 2.99% average from mid-2021. At the same time, home prices have jumped over 45% since 2020. The average U.S. home now sells for $355,328, up 2.7% from just a year ago. It’s no shock that people are backing off. Realtor.com data shows new home sales hit their lowest point in 30 years this spring. And 15% of pending deals got canceled in June alone. Rents drain incomes as housing units disappear But the collapse is hammering renters even harder. An in-depth look by The Daily Upside reveals the U.S. is now short 7.1 million affordable rental units. For every 100 low-income renters, only 35 units exist. That leaves 75% of those renters spending over half their pay on rent. That squeeze is showing up in national homelessness numbers, which saw their biggest rise since the Great Recession. More families are sleeping in cars or being forced into multi-family homes. It’s not just the poorest Americans feeling it, either. Even middle-class families are stretching paycheck to paycheck, watching rent eat everything. While buyers hesitate, many sellers aren’t budging. Instead of negotiating, they’re pulling their listings altogether. A new Realtor.com report showed delistings jumped 35% year-to-date and 47% higher than this time last year. Meanwhile, active listings only grew 28.4%…
The post U.S. mortgage rates have doubled since 2021 appeared on BitcoinEthereumNews.com.
The housing situation in the U.S. has hit a new low. Everything from mortgage rates to home prices and rent has spiraled out of reach. Homebuyers are pulling out. Renters are going broke. Builders are freezing projects. And analysts are saying what nobody wants to hear: this whole thing is starting to feel way too familiar. The warning signs are so loud, people are comparing today’s market to the days leading up to the 2008 crash. Mortgage rates are now hovering at 6.82% as of July 2025. That’s more than double the 2.99% average from mid-2021. At the same time, home prices have jumped over 45% since 2020. The average U.S. home now sells for $355,328, up 2.7% from just a year ago. It’s no shock that people are backing off. Realtor.com data shows new home sales hit their lowest point in 30 years this spring. And 15% of pending deals got canceled in June alone. Rents drain incomes as housing units disappear But the collapse is hammering renters even harder. An in-depth look by The Daily Upside reveals the U.S. is now short 7.1 million affordable rental units. For every 100 low-income renters, only 35 units exist. That leaves 75% of those renters spending over half their pay on rent. That squeeze is showing up in national homelessness numbers, which saw their biggest rise since the Great Recession. More families are sleeping in cars or being forced into multi-family homes. It’s not just the poorest Americans feeling it, either. Even middle-class families are stretching paycheck to paycheck, watching rent eat everything. While buyers hesitate, many sellers aren’t budging. Instead of negotiating, they’re pulling their listings altogether. A new Realtor.com report showed delistings jumped 35% year-to-date and 47% higher than this time last year. Meanwhile, active listings only grew 28.4%…
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