Mortgage Rate Surges and Homeownership Decline: How It Could Impact the U.S. Economy in 2026 and Beyond
The American dream of homeownership faces its toughest challenge in decades. Mortgage rates have climbed to levels not seen in years, creating ripples across the entire U.S. economy. This isn’t just about housing anymore. When mortgage payments surge, families make different choices. They delay purchases. They cut spending elsewhere. Businesses feel the impact. Employment patterns…