Summary
Millennials and Gen Xers have locked in the lowest mortgage rates at roughly 4.0%. Freddie Mac said millennials, particularly younger ones, may have to change jobs or find a bigger home. Home prices also play a leading role, and risks are weighted to the upside.
If you're looking to become a homeowner, Credible could help you find the best mortgage rate. You can prequalify within minutes. However, that figure is still below the national median home price of $332,494. Have a finance-related question? Send it to moneyexpert@credible.com.
