Let's Talk Housing Episode 84: 7% Rates Are Back

The Housing Market Can’t Escape 7% Rates

Mortgage rates have surged toward 7.5%, putting renewed pressure on housing affordability and buyer demand. Steven Thomas and Brennen Thomas examine rising price cuts, additional Federal Reserve rate hikes, and how elevated rates could affect the housing market through the end of 2026. The episode also explains why today’s adjustable-rate mortgages are fundamentally different from the risky loan products that helped fuel the Great Recession.

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Time Stamps:
00:00 Introduction
01:41 Introducing NerdLabHQ
03:30 Housing Market and Federal Reserve Update
06:36 How High Can Mortgage Rates Go?
10:59 Why Price Cuts Are Rising
14:31 Can Housing Survive More Fed Rate Hikes?
16:57 Are Adjustable Rate Mortgages Really Risky?
20:16 Final Thoughts