Mortgage rates continue to hold steady near 7%, and for anyone considering their next move—whether as a buyer, investor, or someone looking to refinance—this remains the reality we’re planning around for the foreseeable future. With inflation proving stubborn and the possibility of another Fed hike, there’s still upward pressure on borrowing costs. The current spread in mortgage-backed securities only adds another layer to the equation. For any meaningful decrease in rates, we’d need to see consistent progress on inflation, calmer long-term yields, more supportive signals from the Fed, and healthier MBS spreads. Until then, I’m keeping a close eye on these indicators for my clients. While we always hope for rate relief, it’s wise to treat today’s numbers as the baseline, and any future dip as a bonus opportunity. My approach is to stay ahead with creative strategies and thorough market insights—ensuring you’re prepared for whatever comes next.
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