Bargain Hunting With Rates Above 7%

With mortgage rates holding above 7% and the market bracing for more decisions from the Fed, affordability remains front and center for anyone considering a purchase or refinance. My work with buyers and investors has taught me the value of strategic planning—especially in turbulent times like these. Recent studies recommend building in rate cushions: anticipating a potential half-point increase in the next 3 months, three-quarters within 6 months, and possibly a full point by year’s end. What’s interesting is that buyers who wait until later in the year often see homes about 5% less expensive in early Q4 compared to late Q2, with less competition and more room to negotiate. Last month’s 5-month housing supply meant buyers had more leverage—not just on price, but also on closing costs, discount points, or even temporary rate buydowns. While the market is still watching for more Fed tightening, the big picture remains steady: cooler inflation could eventually bring mortgage costs down. My commitment is to help you navigate these shifts, matching your needs with the right financing solutions—whether you’re looking at residential or commercial opportunities.