It’s hard to believe just a few years ago potential homebuyers were staring down sub-3% mortgages during the pandemic era. That’s because new homebuyers today face mortgage rates back in the 7% range, making it feel impossible for many to break into the housing market.Meanwhile, many current homeowners are holding on to the low rates they locked in during the pandemic, but first-time buyers don’t have that option. As Odeta Kushi, deputy chief economist at First American Financial Corporation, recently put i ...