Many buyers expected interest rates to start moving lower.
Instead, the latest headlines delivered the opposite.
On September 16, the Federal Reserve raised short-term rates by a quarter point to 3.75%–4%.
Freddie Mac reported the average 30-year fixed mortgage rate at 6.95% on September 17—bringing rates back near 7%.
Not exactly the news buyers were hoping to hear.
The catch? The Fed does not directly set mortgage rates, and a higher rate does not tell the whole housing story.
🤔 Higher Rates Are Only Half the Story
Most buyers see rates near 7% and immediately think, “Maybe I should wait.”
That reaction is understandable. Even a small rate change can affect your estimated monthly payment.
But while borrowing costs have increased, buyer competition has cooled.
Existing-home sales fell 2% in August, while available inventory rose to 1.62 million homes.
That pushed supply to 4.9 months—the highest level in more than a decade—and may give prepared buyers more choices and room to negotiate.
đź“… The Best Week to Buy Is Almost Here
According to Realtor.com, September 27 through October 3 could be the best week to buy a home in 2026.
Buyers may see more available listings, fewer competing shoppers, and homes spending longer on the market.
Realtor.com estimates that buyers could potentially save around $14,000 compared with the summer price peak.
That is a national estimate, and local conditions will vary.
However, if buying is one of your goals, this could be a good time to understand your options and start preparing.
🎯 For Sellers: Pricing Matters More Than Ever
Buyers have not disappeared, but they are watching their budgets more carefully.
With more homes available, buyers can take their time and compare price, condition, location, and overall value.
That makes accurate pricing, strong presentation, and a clear marketing strategy especially important.
A well-positioned home can still attract serious buyers—even when rates are higher.
Thinking about selling? Text me at the number below, and we can look at what is happening in your neighborhood.
🏡 For Buyers: Your Options Didn’t Disappear
You do not need to wait for the “perfect” interest rate to start exploring your options.
Depending on your qualifications, loan program, and chosen property, opportunities may include:
- 100% Financing
- Down Payment Assistance
- Free Appraisal
- Free Credit Report
- One-Year Buyer Warranty
- Seller Assist Welcome
These opportunities may help reduce some of the upfront costs that can make buying a home feel out of reach.
Reach out today to discover what you may qualify for!