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First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
T
The New York Times
May 11, 2026
Mortgage RatesSource: GNews
The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
Tired of renting in Raleigh, N.C., Lillian Rouse and her fiancé started the hunt last year to buy their first home together. But after months of searching, they decided to hold off until they were on firmer financial footing.
Ms. Rouse, a 28-year-old... [1424 chars]
Source Reference
Originally published by The New York Times
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