Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas — Live Feedhttps://www.live-feeds.com/feed/mortgage-rates-remain-above-7-pushing-home-prices-lower-in-some-areasContinuously updated, source-cited coverage. Mortgage Rates Push Housing Prices Lowerhttps://www.live-feeds.com/feed/mortgage-rates-remain-above-7-pushing-home-prices-lower-in-some-areashttps://www.live-feeds.com/feed/mortgage-rates-remain-above-7-pushing-home-prices-lower-in-some-areas#u155681Mon, 26 Oct 2026 09:16:28 +0000Mortgage rates remaining above 7% are forcing home prices lower in select areas as the U.S. housing market locks into a deep freeze. Prospective buyers face steep affordability hurdles, causing sales cancellations to climb near record rates and pushing buyer traffic to its lowest mark since April 2012. Builder confidence for newly built single-family homes dropped three points to 29 in October, hitting a 14-year low not seen since June 2012. Elevated construction costs, labor shortages, and weaker consumer confidence continue to sideline potential purchasers across dozens of cities.Why it matt