As of July 13, the average 30-year fixed mortgage rate is around 6.75%, with Treasury yields continuing to climb as investors react to inflation concerns and geopolitical uncertainty.
A few takeaways:
🏡 For Buyers
Higher rates don’t necessarily mean you should stop looking. It means you should become more strategic. The right property purchased at the right price can still outperform waiting for a “perfect” interest rate that may never arrive.
💰 For Homeowners
If you’re planning to sell in the next year, pricing and presentation matter more than ever. Buyers are becoming more payment-sensitive, making accurate market data and local expertise increasingly valuable.
📊 For Investors
Periods of higher interest rates often create opportunities that don’t exist in low-rate environments. Understanding neighborhood-level trends—not just national headlines—is the key to identifying value.
The headlines tell us where rates are.
Local market data tells us where opportunities are.
If you’re curious about what’s happening in your neighborhood—or want to see current market statistics before making your next move—I’d be happy to help.
🌐 Living in Phoenix: https://livinginphoenix.net