what the mortgage rates now

Mortgage Rates Just Hit 7%. Here’s How the Housing Market Is About to Change. — Photo by Yan Krukau on Pexels

Is 7% Mortgage Rates About to Reshape Home Buying?

Yes, 7% mortgage rates are poised to reshape home buying by squeezing affordability, prompting refinance pivots, and spurring policy debate. In my experience, a sudden rate climb forces buyers to reassess budgets and lenders to adjust pricing. This article unpacks the data, calculator pitfalls, borrower stories, and potential government responses.