Mortgage rates climbing to 6.7% – how is this affecting first‑time buyers?

06 Eyl 21:45

Hey folks, I just saw that the average 30‑year fixed mortgage is up around 6.7%, the highest it’s been in a few years. It looks like borrowing costs are finally catching up with inflation, which means monthly payments could jump a lot for anyone looking to buy a home now. As someone who's just starting to think about a place of my own, I'm a bit nervous 😅. Have any of you already locked in a rate, or are you putting your plans on hold? What strategies are you using to cope with the higher numbers? Any tips for navigating this market would be appreciated!