10/12/2026
Mortgage Rates Aren’t Backing Down Yet
No sugarcoating it—mortgage rates are holding steady near 7%, and unless inflation gets under control, we’re likely to see these levels stick around through the end of the year. If inflation stays high or the Fed decides on another hike, borrowing could get even pricier. Add in those wider mortgage-backed securities spreads, and there’s even more upward pressure on rates. A real drop? That’ll take steady progress on inflation, lower long-term yields, clear signals from the Fed, and tighter MBS spreads. For now, whether you’re buying, investing, or refinancing, consider today’s rates your planning baseline. Any future relief is a bonus—not a guarantee. That’s my direct take, shaped by years of helping clients navigate the ups and downs of this market.