Anticipating Lower Mortgage Rates After Recent Highs

Mortgage rates remain stubbornly high, with the 30-year fixed sitting at 6.67% and the 15-year at 5.96%—levels we haven't seen in about a year. It’s a challenging environment for buyers, especially with home prices holding firm and inventory tight. In my work as an independent mortgage broker, I see firsthand how these conditions push clients to think creatively about affordability. Sometimes, that means considering a smaller home, exploring shorter-term loans like a 15-year fixed, or looking for alternative programs that fit your unique financial picture. Structuring the right financing isn’t about checking boxes; it’s about finding a solution that matches your long-term goals—even in a tough market.