09/21/2026
Mortgage rates are back near 7%, with Freddie Mac’s latest weekly average at 6.95% for a 30-year fixed mortgage.
For buyers, that means if you were pre-approved a few weeks ago, it’s a good idea to have your lender rerun your payment before you start shopping or write an offer.
For sellers, today’s buyers are extremely payment-conscious, which makes pricing and strategy even more important. Sometimes a seller credit or rate buydown can make a bigger difference to a buyer than a small price reduction.
The market is still moving, but strategy matters more than ever right now.
If you’re thinking about buying or selling in Murrieta, Temecula or Southwest Riverside County, I’m always happy to talk through what the numbers mean for your situation.
DRE #01298522