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Average mortgage rates now at 7.5%
Posted on 9/29/26 at 1:04 pm
Posted on 9/29/26 at 1:04 pm
Rate daters sweating
Posted on 9/29/26 at 1:06 pm to danilo
The RE market is tanking hard and fast.
Posted on 9/29/26 at 1:21 pm to danilo
I was thinking about a move, but seeing rates has me reconsidering. Hasn't been enough of a pullback in the market to offset these interest rates.
Posted on 9/29/26 at 1:34 pm to danilo
quote:The median is almost certainly lower than that.
Average mortgage rates now at 7.5%
Posted on 9/29/26 at 1:58 pm to danilo
My move next year will include going from a 3.25% rate to 7.0%+ (even with an 800s credit score). Disgusting. It’ll be worth it but I’ll be itching to refinance the second rates do come down
Posted on 9/29/26 at 2:03 pm to Billy Blanks
quote:
The RE market is tanking hard and fast.
Sales are tanking but look at home prices. They’re still holding up and not coming down much at all.
Posted on 9/29/26 at 2:06 pm to Paul Allen
quote:
Sales are tanking but look at home prices. They’re still holding up and not coming down much at all.
Give it another 40-60 days.
Posted on 9/29/26 at 2:25 pm to Billy Blanks
In what I'm generally looking for, I've seen reductions here and there... Normally 6-8% from a handful.
Was hoping to get a re-sale in a new build community from someone jumping for work and having to compete with new builds, but the builders offering low 5 interest rates makes it a wash now.
Was hoping to get a re-sale in a new build community from someone jumping for work and having to compete with new builds, but the builders offering low 5 interest rates makes it a wash now.
Posted on 9/29/26 at 2:40 pm to Lsut81
quote:
I was thinking about a move, but seeing rates has me reconsidering.
The wife and I (mostly me) want to downsize, but we’d be paying more per month for a smaller house. We’re married to our rate until we become cash buyers or have a change in situation, I guess.
Posted on 9/29/26 at 2:54 pm to Lsut81
quote:
In what I'm generally looking for, I've seen reductions here and there... Normally 6-8% from a handful.
Was hoping to get a re-sale in a new build community from someone jumping for work and having to compete with new builds, but the builders offering low 5 interest rates makes it a wash now.
No sense in hoop jumping with better rates on new.
Posted on 9/29/26 at 3:15 pm to Billy Blanks
quote:
Give it another 40-60 days.
I’ve seen this statement repeated on MT for more than a decade. It wasn’t until after Covid that people stopped posting strategies for keeping money on the sideline to be ready to scoop up beachfront foreclosures as soon as the real estate bubble popped.
Posted on 9/29/26 at 3:19 pm to lsuconnman
it’ll be like Black Friday on 30A just you wait
Posted on 9/29/26 at 3:52 pm to Billy Blanks
quote:
Give it another 40-60 days.
Same thing was said under JB when rates hit 8%
Posted on 9/29/26 at 3:52 pm to danilo
Only prices that will significantly drop will be those in a rush to sell. If any market drop occurs, it’ll only be temporary until rates drop and they’ll recover. The supply isn’t there to drop prices drastically. When rates do drop, everyone who has been waiting the last four years to buy will enter the market driving prices even higher. I work with two people that have been outspoken about just staying renters until rates drop. I could see a small market correction, but nothing mind blowing here in the local area.
Posted on 9/29/26 at 5:09 pm to Billy Blanks
quote:
Give it another 40-60 days.
Been hearing this for four years now.
Posted on 9/29/26 at 5:11 pm to SDVTiger
quote:
JB when rates hit 8%
Mortgage rates peaked at a weekly average of 7.79% in October 2023 under Biden. More lies by you ti try and make Trump look better. Nobody is falling for it.
Posted on 9/29/26 at 5:29 pm to ronricks
https://www.bbc.com/news/business-67152845
And that is without lender comp which I know you have no clue about and when added thats when ppl got 9%+ rates
I understand all of that is way over your pay grade
quote:
The Peak: Average 30-year fixed mortgage rates touched roughly 7.8% to 8% in late 2023, marking a roughly 23-year high since 2000. Freddie Mac's official weekly survey peaked slightly lower around 7.79% during that same window, while some daily indexes crossed the 8% threshold
And that is without lender comp which I know you have no clue about and when added thats when ppl got 9%+ rates
I understand all of that is way over your pay grade
Posted on 9/29/26 at 5:38 pm to danilo
quote:
Average mortgage rates now at 7.5%
Good, home prices need to come down to pre-covid level. Rates are not the issue, home prices are.
Posted on 9/29/26 at 5:39 pm to Paul Allen
quote:
They’re still holding up and not coming down much at all.
They dropping pretty good in DFW.
Edit -
Looking at Zillow for near me
Down 5.4% over the past year
62.6% of July sales were below asking price.
Maybe not that big of a drop, but it is a start.
This post was edited on 9/29/26 at 5:44 pm
Posted on 9/29/26 at 5:39 pm to SDVTiger
quote:
Freddie Mac's official weekly survey peaked slightly lower around 7.79%
This is what I posted.
Nobody was getting 9% for conventional loans under Biden.
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