Higher Rates + Limited Supply = A Generation Priced Out of the American Dream

The Mortgage Reset No One Asked For The age of 3% mortgages is officially over — a shift now widely described as the Great Housing Reset Crisis. According to data from Realtor.com, more Americans now carry mortgages above 6% than below 3%, a pivotal moment that marks the end of cheap money in housing. In the third quarter of 2025, 21.2% of outstanding U.S. mortgages carried interest rates of 6% or higher, surpassing the roughly 20% with rates below 3%, underscoring just how dramatically borrowing costs have shifted since the pandemic era and solidifying the Great Housing Reset Crisis as a defining economic break. Remember those pandemic-era rates that dipped below 3%? They weren’t just historic — they were bait.…