10/22/2026
Mortgage rates stopped climbing last week. They didn't come down either. They just sat there at 7.40%.
If you've been refreshing rate headlines waiting for relief, that pause matters, because it changes the question. It's not "how high will rates go?" anymore. It's "what do I do if they stay right here?"
A few things I covered in this week's post: Let's run the numbers. On a $520,000 loan (a median Denver detached home with 20% down), going from last year's 6.27% to 7.40% adds about $390 a month in principal and interest. That's close to $57,000 less buying power for the same monthly payment.
👉🏻 Not all of it is bad news. Denver had more active listings this September than any September since 2011, and closed sales were down more than 21%. More homes and fewer buyers means leverage.
👉🏻 Ask about a rate buydown, not just a price cut. Depending on the numbers, seller or builder money toward your rate can do more for your monthly budget.
👉🏻 Sellers: buyers are doing payment math on every listing. Pricing right from day one matters more now than it did in the spring.
And a lot of people still think the Fed sets mortgage rates. It doesn't. I explain what actually drives them in the post.
Swipe through for the breakdown, and read the full blog post on my website (Link in Bio).
If you want to see what today's rates actually mean for your situation, I'm happy to talk it through. No giant sales pitch.