[gallery size="full" ids="256408,256409,256410,256411,256412,256413,256414,256415,256416,256417"]

Mortgage interest rates in the U.S. are likely to remain higher for longer than many homeowners and prospective home buyers had hoped.

It also doesn't help consumers in the market to buy a home that home prices have doubled over the last decade, according to Insurify and the Case-Shiller U.S. National Home Price Index. This happened alongside the increasing frequency and severity of natural catastrophes, which drags on the economy (and ultimately consumers) is a myriad of ways.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].