09/25/2026
β¨ Mortgage rates take a sharp turn & not in a direction that buyers or sellers want to see! π¬
π Current National Mortgage Rates
π 30-Year Fixed: 7.45%
π 15-Year Fixed: 7.10%
π 30-Year FHA: 7.05%
π 30-Year VA: 7.07%
π 30-Year Jumbo: 7.55%
π΅ What does this mean for buyers?
This means less house for the same monthly payment.
π£If you have plans to go house shopping this weekend, check back in with your lender before doing so! This could change your monthly payment and what you can afford or comfortable with affording!
π Pre approvals are not βone and doneβ documents.
The market is fluid and unpredictable- so is your pre approval.
π‘ What does this mean for sellers?
This means a smaller group of buyers that can afford your home at asking price.
Homeowners who have lower interest rates, from a few years ago- have less of an incentive to sell.
Who wants to trade their low interest rate for a 7+ % rate? Not me! π
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This will keep housing inventory tight in certain areas.
Have additional questions around how this will affect your ability to buy or sell?
Reach out! π±
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