09/17/2026
📈 Freddie Mac 30 year fixed mortgage rate hit 6.95% today, up from 6.25% this time last year.
Yesterday the Fed increased interest rates by 0.25% for the first time in three years given persistent high inflation and geopolitical uncertainty.
🏡 Will this impact house prices? Well yes and no! A 1930s Spanish bungalow in Santa Monica that attracts 6+ offers (some of which cash), won’t be impacted. But perhaps this will deter first time home buyers currently renting and looking to buy their first home.. they may decide to continue renting vs buying right now. So I really think we need to consider each micro market individually.
If you’d like to work with me on your move, please send me a message or connect with me through my link in bio 🙌😊. I’d love to help you navigate this market.
