Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
Average 30-year mortgage rates are currently at a two-decade high. Once mortgage rates start to fall, we should see homebuying demand pick back up. But right now, very few would-be buyers are interested in spending so much to get into a home.