Mortgage rates climbed past 4% for the first time since May 2019. All these factors will continue to push mortgage rates higher in the months ahead. That means one of the main drivers of home sales over the past two years — super low mortgage rates — is drying up. At today’s rates, the monthly mortgage for a buyer of a median-priced home will be more than $340 higher than it was a year ago.
About the American Property Owners Alliance
The American Property Owners Alliance (The Alliance) is a nonpartisan, non-profit organization created to protect and support property owners and pave the way for future property owners. Our mission is to educate property owners about federal issues, laws and policies; to advocate for owners’ rights and interests; and to mobilize, when necessary, to secure those rights and interests.
Sign The American Property Owners Alliance petition to Congress urging them to support property owners and remove barriers to more affordable housing.