After three years of mortgage rates stuck above 6%, American homebuyers are showing signs of impatience with current borrowing costs as they anxiously await a shift in interest rates that will enable them to move forward with home purchases.
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The latest TurboHome-ResiClub Housing Sentiment Survey, conducted between July 2 and July 23, 2025, revealed that homeowners’ attitudes toward interest rates and home prices are shifting noticeably.
Homeowners Slowly Adjust To Higher Rates
Earlier this year, the idea of locking in a 6% mortgage rate was a nonstarter for most buyers. But now, many are adjusting their expectations.
In the first quarter of 2025, just 41% of homeowners surveyed said they would accept a 6% mortgage rate on their next home purchase. That figure rose to 52% in the most recent survey, showing a growing willingness to engage the market, even …