Mortgage rates remain stubbornly high, hovering near 7% as we approach year-end. For many of you looking to buy, sell, or refinance, this means affordability continues to be a challenge—unless we see inflation cool off enough to shift the Fed’s direction. My background in international finance keeps me attuned to the signals: persistent inflation, the possibility of another Fed rate hike, and wider mortgage-backed securities spreads are all factors keeping borrowing costs elevated. A meaningful drop in rates would require clear progress on inflation, calmer long-term yields, and more favorable signals from the Fed and the MBS market. For now, today’s rates are the baseline for any planning. If the landscape shifts, consider that a welcome bonus. Navigating these complexities takes both perspective and experience—a combination I bring from years in global finance and now, residential real estate.
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