Global Housing Faces Mortgage Rate Pressure and Affordability Crunch

The global housing market remains under significant pressure as mortgage rates stay elevated and affordability challenges deepen. In the United States, the 30-year fixed mortgage rate hovers near 6.89%, with bond market selloffs pushing Treasury yields to their highest levels since 2007, creating a structural barrier to rate relief. This high-rate environment is forcing homebuyers to wait longer, with Zillow data indicating a median-income household needs 8.5 years to...