09/03/2026
The average 30-year fixed mortgage rate was 6.77% as of mid-August, and forecasts suggest rates may remain in the mid-6% range for the next several years.
For many Americans, that’s not just a number. It can be the difference between being able to buy a home and having to put homeownership on hold.
But that doesn’t mean people stop wanting the space and experience of a home. A yard. A garage. A street where they know their neighbors.
That’s the gap Next Chapter Neighborhoods was built to fill. We develop single-family rental communities in markets where demand for quality housing is real, giving people another way to enjoy the benefits of a home and neighborhood without taking on a mortgage.
The path to a great home doesn’t always run through homeownership. Sometimes it runs through a really good neighborhood. 🏡
Mortgage rates are one of the first indicators buyers look to when seeing if they can afford a home. A swing in rates—whether up or down—can cause a ripple effect in the market where buyers rush to make offers or run for the hills. Rate behavior also impacts homeowners who are considering refina...