Why Your Mortgage Rate Should Be 7.9%

The Sell for 1 Percent team breaks down the latest Fed meeting, where three of twelve governors dissented and wanted to raise rates. While the best-case mortgage rates are around 6.625%, most buyers are seeing rates closer to 6.875%. The real story is the mortgage spread, which is compressing volatility—without this buffer, one analyst suggests rates today would actually be closer to 7.9%. For Columbus sellers, this means pricing is critical, as aggressively priced homes are getting multiple offers while overpriced listings sit on the market.

Watch the full video on YouTube: https://youtu.be/ZdOSz7Z0OSU