The 7.49% Mortgage Isn't Just Expensive — It's Freezing America in Place
Mortgage rates just hit 7.49%, the highest in nearly three years — but the real story isn't the monthly payment math. It's that rates this high don't just make homes costlier; they stop people from moving at all. When nobody sells, nobody buys, and an entire housing market can seize up like an engine without oil.
Bottom Line
A 7.49% mortgage rate isn't a crisis, but it's a slow-acting constraint on one of the most important decisions Americans make: where to live. The immediate pain hits buyers, but the deeper effect is a frozen market — fewer listings, fewer moves, and a widening divide between those who locked in cheap money and those who missed the window. Until Treasury yields ease or the Fed signals a turn, expect the housing market to stay stuck in place, quite literally.