7.50% Rates and 4 Offers in 5 Days | October 2026

Welcome to October!

Mortgage rates are getting a bit spooky as we head into Halloween season—we’re currently sitting around 7.50%. (I know, gross.) But here’s a silver lining: if it weren't for mortgage spreads improving over the last couple of years, we could easily be staring at 8.50% or higher right now.

Because of these rates, homes are sitting on the market a little longer, which means sellers are increasingly open to offers.

If buying makes sense for your personal timeline right now, higher rates actually offer a hidden advantage: locking in a lower purchase price keeps your property taxes lower permanently.

• You can refinance your mortgage rate down the road.

• You cannot refinance your purchase price or baseline property taxes.

This isn't a cheesy "marry the house, date the rate" pitch—it’s just math. Buying right now generally makes sense if:

1. You plan to live in the home for 5+ years.

2. The monthly payment comfortably fits your budget without keeping you up at night.

If those two things aren't true, renting is likely the smarter move for now. I actually just put together a quick breakdown of the 2026–2027 rental market outlook on my website if you'd like to check it out.

Strategy in Action: 4 Offers in 5 Days 🏡

We just closed another listing today! By strategically pricing the home based on its immaculate condition and local competition, we generated 4 offers in just 5 days—ultimately accepting an all-cash offer. Cash means zero mortgage-rate risk for the seller, proving that the right strategy wins in any market.

Whether buying or selling, having a clear game plan is key. To help you or anyone you know navigate today's market, I’ve added a few brand-new, free resources to my site:

• Selling Soon? Grab the 7-Day Home Prep Guide.

• First-Time Buyer? Check out the First-Time Buyer's Guide.

Feel free to pass these along to anyone thinking about making a move—just scroll to the bottom of the page to download them!

See you next week.