Mortgage Rates Hit Six Point Seven One | Dayton News

Mortgage rates have surged to 6.71%—their highest since 2025—making home buying a nightmare for most Americans. With monthly payments skyrocketing, buyers can now afford far less, and median income just can’t keep up: you’d need nearly $110K a year to buy a typical home, while the average household earns around $83K. The housing market’s stuck in neutral as homeowners cling to ultra-low rates from years past, sellers stay put, and builders struggle with soaring costs and tighter credit. Even new housing reforms won’t help soon—any relief is looking like a distant dream as inflation keeps pushing rates higher and squeezing wallets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2a028f5b2cf6b63c