10/19/2026
Mortgage rates dipped slightly last week. Here’s what that means for you if you’re thinking about buying a home.
The average 30-year fixed mortgage rate is sitting around 7.48%, down a little from the week before but still more than a full point higher than this time last year. At the same time, mortgage applications fell 4.2% and purchase applications dropped 2.1%. That means fewer buyers are shopping right now, and fewer buyers can mean less competition for you.
In this video, Brian Chism, Broker/Owner of NextHome Chism Realty, covers:
- This week’s 30-year fixed, VA, and FHA mortgage rates
- Why fewer buyers can mean more negotiating power
- How sellers may be more willing to help with closing costs or repairs
- Why waiting for the “perfect” rate is a tough game to win
- VA loan rates for veterans and Fort Knox military families (around 7.17%)
The best move isn’t guessing where rates go next. It’s knowing what payment works for you and what you can actually buy today.
Thinking about buying in Meade County, Hardin County, Breckinridge County, LaRue County, Bullitt County, the Fort Knox area, or Southern Indiana? Reach out and let’s look at your numbers together.
NextHome Chism Realty | Humans Over Houses
