Mortgage Rates Stay Above 7% — Here's How to Play It Smart

With 30-year fixed mortgage rates hovering around 7.12%, buyers and refinancers need a clear strategy to make the most of today's market conditions.

Mortgage rates remain stubbornly elevated, with the 30-year fixed rate sitting around 7.12% and jumbo loans pushing even higher at 7.25%. For the 15-year fixed, rates are at 6.65%. These aren't the rates we all wish for, but they are the rates we're working with — and there are still smart moves to make.

First, perspective matters. Rates have been relatively stable over the past several months, and day-to-day swings remain small. This kind of stability at least allows buyers to plan with more confidence, rather than chasing a moving target.

Second, higher rates don't have to mean a bad deal. With inventory rising and seller competition easing, buyers today may be able to negotiate concessions — including seller-paid rate buydowns — that can meaningfully lower your effective monthly payment.

For investors, the calculus is different. With rents remaining strong across California and home prices still appreciating, the long-term case for real estate holds up. The key is finding the right financing structure to make the cash flow work.

Whether you're buying your first home, moving up, or building a portfolio, we can help you find loan options that fit your situation — including adjustable-rate products that may offer a lower entry point.

Don't let rate headlines paralyze your plans. Reach out to our team today and let's find the right strategy for you.