America’s housing market is flashing red on multiple fronts, with affordability at its worst in years and little relief in sight. From elevated mortgage rates to general lack of affordability to a death of first-time home buyers,

The average rate on the 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.77%.

Average mortgage rates in June are 62 basis points down on the same period last year and mortgage applications are up 41.7% year-on-year.

Three major lenders say only one in 10 customers are asking to pay less, a blow to retailers who have hoped the RBA’s moves would stimulate sluggish spending.

The U.S. economy added 147,000 jobs in June, beating analyst expectations, the Bureau of Labor Statistics reported.