22.5% of Mortgages Now Carry Rates of 6% or More, but Two-Thirds Remain Below 5%, Realtor.com Finds
Realtor.com’s analysis of FHFA data shows the rate lock-in barely eased in the second quarter, with a record 42.8% of mortgages originated during the pandemic boom and the 6%-plus share projected to reach 27% to 28.5% by mid-2027.