09/21/2026
🔥 Mortgage rates are a hot topic right now—but they’re only one piece of the homebuying puzzle.
Last week, the Federal Reserve raised its benchmark rate by a quarter of a percentage point. But your true cost also depends on the purchase price, taxes, insurance, loan program, closing credits and more.
The market is still rewarding good listings, but buyers are comparing more carefully. Price and condition have to make sense together. More negotiating opportunities exist—but don’t assume every seller is vulnerable. Desirable, properly priced homes are still attracting competition.
🚨 If your preapproval is more than a few weeks old, contact your lender before touring or writing an offer. Your payment and purchasing power may have changed—and you need current numbers to make a smart move.
