https://www.live-feeds.com/feed/mortgage-rates-are-above-7-is-it-better-to-rent-or-buy-a-home-right-nowContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/mortgage-rates-are-above-7-is-it-better-to-rent-or-buy-a-home-right-nowhttps://www.live-feeds.com/feed/mortgage-rates-are-above-7-is-it-better-to-rent-or-buy-a-home-right-now#u159450Wed, 28 Oct 2026 08:07:02 +0000Mortgage rates remaining above 7% have driven the United States housing market into a deep freeze, forcing buyers to weigh renting against purchasing as home sales slump. Pending home sales dropped 7.3% in September, hitting a new low as prospective buyers cancel sales at near-record rates. While homebuyers gain negotiating advantages in dozens of cities, high borrowing costs continue to suppress demand and push home prices lower in select regions.Why it mattersHigh inflation and fierce competition for investor dollars are keeping longer-term interest rates elevated, solidifying borrowing cost