After three decades in this business, I’ve seen interest rate cycles come and go—but right now, mortgage rates are holding close to 7% and may stick there through the end of the year. That means affordability remains a challenge for many, especially with inflation proving stubborn and the Fed signaling that another rate hike isn’t off the table. Wider spreads in mortgage-backed securities are adding extra weight to borrowing costs, too.
For anyone planning a purchase, refinance, or investment, it’s wise to treat today’s rates as your working baseline. While we’d all like to see a meaningful drop, that’ll take more than wishful thinking—it’ll require steady progress on inflation, some calm in long-term yields, and a little help from the Fed and the MBS market. Until then, I’m focused on helping clients—especially those with more complex income situations—navigate this environment with clear-eyed strategies and practical solutions. If rates do ease, consider it a bonus, but let’s make sure your plan works for where things stand today.
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