More Into the Data According to the article on Yahoo Finance, mortgage rates remained consistently above the level of 7%, with the median sales price for a single-family home touching $420,846 in the month of August, to its highest ever point. Affordability is not expected to improve unless mortgage rates decrease, which remains unlikely to happen in the coming year, as central bankers are closely monitoring inflation. ETFs in Focus The increased probability of the Fed remaining hawkish for longer, resulting in higher mortgage rates, continues to cast a shadow over the housing market in the United States.