10/21/2026
Today's average 30 year fixed rate is 7.46%. Here is the part most buyers miss: Fannie Mae now expects rates to stay in the 7.5% range through all of 2027.
Waiting for 5% could mean waiting years, while prices and rent keep moving.
Meanwhile, this is the most buyer friendly market we have had in years. Homes are sitting longer, price cuts are common, and sellers are offering concessions and rate buydowns again.
You can renegotiate your rate later. You cannot renegotiate the price you paid, or the leverage you had while sellers were competing for buyers.
Date the rate. Buy the house.
Want the real monthly numbers on a home you have been watching? Message me and I will run them.