Mortgage rates are still holding firm, with current averages hovering near 7%—a number that continues to shape the landscape for buyers, sellers, and investors alike. Unless we see inflation cool enough to influence the Fed’s direction, affordability will likely remain a significant factor in the market. Persistent inflation, along with the possibility of another Fed rate hike and wider mortgage-backed securities spreads, may add even more pressure to borrowing costs. A meaningful drop in rates would require sustained progress on inflation, steadier long-term yields, reassuring Fed signals, and healthier MBS spreads. For anyone considering a move—whether buying, selling, or refinancing—today’s rates should be the foundation for your planning, with any future rate relief seen as a bonus. As someone who navigates this market daily with clients across Massachusetts and Rhode Island, I know how important it is to stay informed and prepare strategically for every possibility.
Leave a Reply