Will Mortgage Rates be heading back to 7%?
It looks like mortgage rates are heading back to 7%, and Fannie Mae is now forecasting elevated rates through 2026 and into 2027.
What should you do if you are buying a house in 2026 and 2027?
If you’re buying a house right now, you need to negotiate aggressively.
Ask the seller to pay your closing costs, consider using seller credits to buy down your rate, and don’t ignore 7-year ARMs if they give you a better payment than a 30-year fixed.
This market is frustrating, but buyers have more leverage than they realize.
Book a call with us and let us help you strategize your next home purchase.