With mortgage rates hovering around 7% and showing little sign of easing, affordability remains a real challenge for many right now. Sticky inflation and the possibility of another Fed hike are keeping borrowing costs up, and the wider spreads in mortgage-backed securities are adding extra pressure. A real drop in rates would require steady progress on inflation, calmer long-term yields, more supportive signals from the Fed, and healthier MBS spreads. For anyone planning their next move—whether you're buying, investing, or considering a refinance—today’s rates should be your baseline for now. Any future rate relief would be a welcome bonus. In my experience guiding all kinds of buyers and sellers here in Garland, it’s all about staying informed, setting realistic expectations, and finding creative ways forward. If you’re weighing your options, know that a patient, educational approach can make even a tough market feel manageable.
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