With mortgage rates still hovering around the 7% mark, I know many of you are feeling the pinch when it comes to affordability. Unless we see inflation cool enough to shift the Fed’s direction, these rates could stick around through the end of the year. Ongoing inflation and the possibility of another Fed hike might even push borrowing costs a bit higher, especially with wider mortgage-backed securities spreads adding extra pressure. For any home buyer, investor, or those looking to refinance, it’s wise to use today’s rates as your baseline for planning—any future rate relief would be a welcome bonus. My goal is always to help make your home journey as easy and stress-free as possible, so I’m here to guide you through what these market shifts mean for your next steps.
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