Mortgage rates aren’t hampering millennials’ homebuying interest
By: Jonathan Delozier | Published: 2025-06-02 22:20:00 | Source: www.housingwire.com
Waiting for better rates
More than half of millennial and Gen Z respondents said they have postponed buying a home because of mortgage rates, with Gen Z showing particular caution. Gen Z respondents reported an increased preference for renting and a higher likelihood of delaying a home purchase compared to September 2024.
Overall, 67% of survey respondents said mortgage rates have influenced their decision to buy a home. Baby boomers are the least affected, with 41% saying that rates do not impact their plans. Only 2% of all respondents are considering buying a home if mortgage rates exceed 6%. Most (63%) said they are waiting for rates below 5% before making a purchase.
“Despite current market challenges and persistently high mortgage rates, Millennials are showing a…