09/15/2026
Mortgage rates just crossed 7% again.
Why does that matter?
Going from a 6% rate to 7% can reduce a buyer’s purchasing power by roughly 10% if they want to keep the same monthly payment.
A buyer who could afford a $400,000 loan around 6% may only have similar purchasing power around $360,000 at 7%.
That means fewer qualified buyers at each price point and more pressure on sellers to price their homes correctly.
Rates don’t just affect payments. They affect home prices, demand, and negotiating power.
Thinking about buying or selling? Let’s talk strategy.
The LaFrance Team | RE/MAX Horizons Realty
Source: Mortgage News Daily, September 14, 2026