Mortgage Rates Hit a 3-Year High — What It Means for Orlando Buyers

Freddie Mac's latest Primary Mortgage Market Survey is out, and rates moved up again this week:

• 30-Year Fixed: 7.28% (up from 7.03% last week — the highest it's been in three years)
• 15-Year Fixed: 6.60% (up from 6.42%)
• Weekly Change: +0.25%

A 3-year high sounds like a headline built to scare buyers off, so here are a few questions I hear often in today's market, and how I'd think about them.

"Should I wait for rates to come down?"

Nobody can time the rate market perfectly, and waiting has its own cost — rising prices, more competition, or missing the right house. It's a personal decision based on your timeline and budget, not just the weekly average.

"What rate will I actually get?"

This survey number is a national average. Your actual rate depends on your credit profile, down payment, and loan type, and can look very different in either direction. That's a question for a lender, not a realtor — I'm not a mortgage lender and don't quote rates or run numbers myself, but I work closely with a trusted lender who can get you real numbers quickly, with no pressure and no obligation.

"Are there ways to lower my rate?"

Options like a rate buy-down, an adjustable-rate loan, or a different loan term can change the math. Again, that's a conversation for your lender, but I'm happy to point you to one who can walk through it with you.

Thinking about buying in the Orlando area?

I can answer your questions about the local market and connect you with the right lender to talk through your options.