Mortgage rates remain below the 50-year average, but most homebuyers see them as unusually high — a perception that is driving stress, delaying purchases, and reshaping major life decisions, according to a nationwide survey conducted in August.

The survey of more than 1,000 buyers, released this week by Tomo Mortgage, highlights the gap between economic reality and consumer sentiment in the housing market.

Nearly one in three respondents said high mortgage rates are the nation’s biggest economic problem, and three-quarters said current rates are abnormally high, despite being lower than historic norms.

“Even with the recent dip in interest rates, details ⇒

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