Mortgage rates continue to hold steady near 7%, and this persistence is keeping affordability front and center for anyone considering a move, investment, or refinance. As we monitor the latest economic signals, it’s clear that factors like sticky inflation and the possibility of another Fed rate hike could put further upward pressure on these rates. In our decades navigating real estate markets—particularly here in the San Ramon Valley—we’ve seen how wider mortgage-backed securities spreads can also play a significant role in the rates buyers ultimately face. For a meaningful drop in rates, we’d need to see real progress on inflation, more stable long-term yields, and a supportive stance from the Fed, along with healthier MBS spreads. For now, it’s wise to treat current rates as the planning baseline. Any future rate relief is best considered a welcome bonus, not a guarantee. Our experience has taught us the value of staying informed and prepared in any market climate.
Leave a Reply