This is Corey Cohen, founder of The Roebling Group – the #1 Google-ranked real estate agency. The Roebling Report is our bi-weekly newsletter that summarizes everything you need to know about New York City real estate. Prices Set to Cool This Autumn The average 30-year fixed-rate mortgage currently sits at 7.49%, a dramatic increase from roughly 3% at the start of 2022. This rapid increase in mortgage rates has made it much harder for prospective buyers to find the right home

Over the past two years, real estate markets across the US experienced frenzied buying that was mainly fueled by record-low interest rates.