Bargain Hunting With Rates Above 7% | Whether you’re buying, selling, or staying informed, my daily videos deliver expert advice and proven strategies for succe

Navigating a market where mortgage rates remain above 7% can feel daunting, but strategic buyers are still finding opportunity—especially here in Orange County. As treasury yields rise and the Fed signals more moves ahead, affordability stays front and center for those planning their next step. Recent research suggests it’s wise to anticipate rate changes: consider building in a cushion of half a point within three months, three-quarters in six months, and a full point by next year. Historically, buyers who enter the market later in the year have seen typical home prices about 5% lower in early Q4 compared to late Q2, with less competition and more room for negotiation. Last month’s five-month housing supply gave buyers notably stronger leverage—whether negotiating on price, closing costs, points, or temporary rate buydowns. While markets continue to reflect expectations of further Fed tightening, the long-term focus remains on easing inflation, which could eventually bring relief to mortgage costs. With decades of experience in Orange County real estate, I know that informed, adaptable strategies are key to making the most of every market cycle.