11/02/2026
Mortgage rates dipped this week. Here’s why it’s not the shift everyone’s hoping for.
Rates eased from 7.32% to 7.24%, even as the Fed held steady. On a $400,000, 30-year loan, that’s about $22 a month. That same loan still costs about $284 more per month than it did a year ago.
Meanwhile, Fannie Mae raised its forecast on October 14. They’re now expecting rates around 7.5% in 2027, up from a 6.7% prediction just a month earlier.
Forecasts can change. But if you’re waiting for next year to bring an easier market, it may not pay off. Homes are still selling, and today’s rates are below next year’s forecast.
If you’re thinking about selling, focus on what you can control: marketing, presentation, and positioning. 📈
Send this to someone who’s waiting on rates to make a move.