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Mortgage rates move lower, but homebuyers face other obstacles

The long-range forecast for mortgage rates has dimmed in recent months, but stability has returned to the market more recently as rates are slowly creeping back down toward 7%.

Still, all types of prospective homebuyers — whether they’re a Gen Z worker searching for a starter home, a millennial looking for more space or a small investor seeking their next source of income — are dealing with the same set of circumstances as they mull a purchase. These headwinds include higher home prices, a relative lack of listings to choose from and even the prospect of higher inflation fueled details ⇒

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