Mortgage Rates Are Pushing Past 7%

The Sell for 1 Percent team breaks down the impact of the latest quarter-percent Fed rate hike on Central Ohio. With the 10-year treasury crossing the 5% psychological barrier, conventional mortgage rates are now pushing into the seven to seven-and-a-quarter percent range. This is creating a tale of two markets locally—the best-finished homes still see multiple offers, while others sit longer, giving buyers more leverage on inspections and closing costs. For Columbus homebuyers, the active inventory is up over 6,300 listings, offering more choice but requiring careful navigation of these higher borrowing costs.

Watch the full video on YouTube: https://youtu.be/aSiniki3skE