Mortgage rates are still holding steady around the 7% mark, and it looks like this could continue through the end of the year. As someone who’s spent over 25 years helping families and buyers navigate the ups and downs of residential lending, I know how much these numbers can affect your plans. Persistent inflation and the possibility of another Fed rate hike are keeping borrowing costs elevated, and the wider spreads in the mortgage-backed securities market aren’t helping. For a real shift downward, we’d need to see sustained progress on inflation, more stable long-term yields, positive signals from the Fed, and improvement in MBS spreads. For now, it’s wise to plan using today’s rates as your baseline—any future drop would be a welcome bonus. Whether you’re looking to buy, invest, or refinance, a tailored, honest approach to your options is more important than ever.
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