first‑time homebuyer affordability

first‑time homebuyer affordability

Dampening Mortgage Rates Hinder First‑Time Buyers

The 30-year fixed mortgage rate rose to 6.59% on June 16, 2026, making homeownership less affordable for first-time buyers. Higher rates increase monthly payments and force many to rethink savings, income, and loan choices. Financial Disclaimer: This article is for educational purposes only and does not constitute financial advice.