09/25/2026
Have you heard that mortgage rates are getting close to 8 percent? Let’s clear up what is actually happening.
Freddie Mac reported a national average of 7.03 percent for a 30 year fixed mortgage this week. That does not mean every buyer will receive that exact rate. Your credit, loan program, down payment, points, property, and lender all affect your individual quote. Some buyers may see a lower rate, while others could be quoted closer to 8 percent.
Before you assume buying is no longer possible, let’s look at your real numbers. The monthly payment matters more than the headline, and with more homes available, we may be able to negotiate the price, closing costs, or a seller credit that helps with financing.
Curious what today’s market actually looks like for you? Send me a message. I am always happy to help you understand the numbers without pressure.
Jenn Premo | Washington Realtor | License 127510