{"id":88,"date":"2026-10-07T11:00:00","date_gmt":"2026-10-07T11:00:00","guid":{"rendered":"https:\/\/www.chrisdrewer.com\/blog\/?p=88"},"modified":"2026-10-07T11:00:00","modified_gmt":"2026-10-07T11:00:00","slug":"bargain-hunting-with-rates-above-7","status":"publish","type":"post","link":"https:\/\/www.chrisdrewer.com\/blog\/2026\/10\/07\/bargain-hunting-with-rates-above-7\/","title":{"rendered":"Bargain Hunting With Rates Above 7%"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/chris-drewer\/bargain-hunting-mortgage-remotion-videos-a922\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>With mortgage rates holding above 7%, many in our Baltimore region (including Baltimore County, Harford, Anne Arundel, and Howard) are weighing their options and watching affordability closely as Treasury yields drive borrowing costs higher. If you\u2019re planning your next move, it\u2019s worth noting a recent study\u2019s suggestion: consider building in rate cushions\u2014think half a percentage point within three months, three-quarters in six months, and a full point within a year. Historically, buyers who purchase later in the year have gained more negotiating room\u2014typical home prices were about 5% lower in early Q4 compared to late Q2, with less competition and more time to negotiate. Last month\u2019s approximately 5-month supply gave buyers more leverage, not just on price but also on closing costs, discount points, or temporary rate buydowns. As the market anticipates further Fed tightening, the longer-term goal remains easing inflation, which could eventually bring some relief on mortgage rates. My deep experience throughout our local markets means I\u2019m always monitoring these trends\u2014so you have the insight you need, when you need it.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With mortgage rates holding above 7%, many in our Baltimore region (including Baltimore County, Harford, Anne Arundel, and Howard) are weighing their options and watching affordability closely as Treasury yields drive borrowing costs higher. If you\u2019re planning your next move, it\u2019s worth noting a recent study\u2019s suggestion: consider building in rate cushions\u2014think half a percentage [&hellip;]<\/p>\n","protected":false},"author":85,"featured_media":89,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-88","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/posts\/88","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/comments?post=88"}],"version-history":[{"count":1,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/posts\/88\/revisions"}],"predecessor-version":[{"id":90,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/posts\/88\/revisions\/90"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/media\/89"}],"wp:attachment":[{"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/media?parent=88"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/categories?post=88"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisdrewer.com\/blog\/wp-json\/wp\/v2\/tags?post=88"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}