Mortgage rates at 6.69% are not high. Inflation is high. By Wolf Richter for WOLF STREET. Sales of existing single-family homes fell by 1.9% in July from June, seasonally adjusted, the second month in a row of declines, to an annual rate of 3.69 million sales, sinking deeper into the mud…This story appeared on wolfstreet.com , 2026-08-12 00:29:45.634000.