Mortgage rates are keeping their grip around 7%, making it tougher for many to step into homeownership or consider a move—unless we see inflation settle down enough to steer the Fed in a new direction. With inflation proving stubborn and another potential Fed rate hike on the table, borrowing costs could rise even further. Wider mortgage-backed securities spreads are adding to that upward pressure. For any buyers, investors, or those considering a refinance, it’s wise to plan around current rates as your baseline, viewing any future rate relief as a welcome bonus rather than a certainty.
After decades helping clients navigate changing markets from Maryland to Florida, I know firsthand how quickly conditions can shift. My goal is always to help you find the best fit for your needs—whether you’re new to the area, upsizing, downsizing, or investing in your piece of the Florida lifestyle. Every market has its challenges, but with the right strategy and local insight, opportunity is still out there.
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