10/14/2026
Mortgage Rates Aren’t Backing Down Yet
Over the years guiding buyers and sellers throughout North Jersey, I’ve learned how much mortgage rates shape every real estate decision. Right now, rates are holding steady near 7%, which means affordability remains tight unless we see inflation cool and the Fed adjust its course. With inflation proving stubborn and the possibility of another Fed rate hike, we could see mortgage costs climb even higher. Plus, with mortgage-backed securities spreads staying wide, borrowing isn’t likely to get easier in the short term. For those considering a purchase, sale, or refinance, it’s wise to treat today’s rates as the baseline for your plans—any future drop would be a welcome bonus, but not something to count on. My approach has always been to help clients navigate every market turn with clarity and confidence, so you can make informed choices no matter where rates are headed.