With mortgage rates holding above 7%, many buyers in our Fort Bend, Harris, and surrounding counties are feeling the squeeze on affordability. As markets anticipate further Fed moves and Treasury yields rise, it’s no surprise that borrowing costs remain elevated and top of mind for those considering their next step. For homebuyers mapping out their plans, recent studies recommend preparing for potential rate increases: building a cushion of half a point within the next three months, up to three-quarters in six months, and possibly a full point over the next year. One advantage I’ve seen repeatedly in my 17+ years working with buyers across Houston and the Dallas Metroplex is that those who purchase later in the year often find more room to negotiate. In early Q4, homes have been about 5% less expensive than in late Q2, with less competition and more time for thoughtful decisions. Last month’s five-month inventory supply gave buyers meaningful leverage—not just on price, but also on closing costs, discount points, or even securing a temporary rate buydown. While the market is still factoring in the possibility of more Fed tightening, the broader aim is to see inflation cool, which could eventually ease mortgage costs. In the meantime, having an experienced advocate on your side can make navigating these market shifts a little easier.
Bargain Hunting With Rates Above 7%
