High Mortgage Rates Above 7% Slow Home Sales, Boost Buyer Leverage
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Rising mortgage rates above 7% have slowed home sales and increased inventory, giving buyers more leverage in negotiations but reducing demand for properties in the market.
Timeline
- 1971 — 30‑year mortgage rates hovered near eighteen percent
- 1981 — 30‑year rates peaked above eighteen percent
- On January 1 2021 30‑year rates fell to two point six five percent.
- On October 1 2023 30‑year rates peaked at seven point seven nine percent.
- On September 30 2026 30‑year rates averaged seven point three eight percent.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.































