U.S. Mortgage Rates Reach 13-Month Highs Amid Price Adjustments:
Market updates from Freddie Mac and Realtor.com indicate that U.S. 30-year fixed mortgage rates have reached a 13-month high of 6.71% heading into September. In response to severe affordability hurdles—where median housing payments now account for roughly 40% of household income—sellers are trimming prices. Data shows list prices per square foot declining in 36 of the 50 largest U.S. metropolitan areas as inventory expands.
