09/08/2026
🚨 Mortgage Rate Update ⤵️
Last week, mortgage rates continued their march higher that started in February.
It's been a steady climb for the last 6 months and we're nearing 7% for the first time since the beginning of 2025.
Every step up puts the squeeze on interest rate sensitive buyers and could lead to a slower end of the year than a lot of agents expect.
On top of that, there's no real end in sight…
The Fed has decent odds of raising rates at the next meeting, inflation remains stuck above 3%, and economic growth continues to beat expectations.
Just remember, there's no guarantees on where rates will go.
It's just as possible they'll keep going to 8% as it is they'll fall back down to 6%.
All we can do is help our clients understand the situation and make moves that will best help them achieve their goals.
Are you helping your clients survive the squeeze?