Mortgage Rates Hit 7.5%. Should You Wait for the Housing Crash? Watch this NOW to protect yourself.

Mortgage rates just hit 7.5% for the first time since April 2024, and the internet has decided home affordability is dead and a housing crash is coming. But the "prices have to come down" crowd is only doing half the math, and waiting for a crash might be the riskiest bet on the table. I'm Brad Anderson, a Realtor with an MBA and 20 years in the business. In this video I break down why 7%+ mortgage rates feel like a crisis, why higher rates cut housing supply as well as demand (the mortgage rate lock-in effect), and why waiting to buy a house is a bet too, not a risk-free move. If you're asking "should I buy a house now or wait?", this is the honest answer from a Realtor who's been telling people NOT to buy since 2012. LINK to VIDEO HERE:    • 6 reasons NOT to buy a house   📋 WHAT'S IN THIS VIDEO: Why 7.5% mortgage rates feel unprecedented, even though historically they aren't The supply side of the market that "prices have to crash" predictions leave out The mortgage rate lock-in effect, and why it keeps inventory low Why the national "more sellers than buyers" headlines don't apply to every market (all real estate is local) Reverse FOMO: the fear of being the sucker who bought at the top The Buy vs. Wait decision matrix: three possible futures and what each means for you When refinancing can help, and when it can't Where, when and how: the variables buyers CAN control, including income Who should NOT buy a house right now ⏱️ CHAPTERS: 0:00 – Mortgage Rates Hit 7.5%: Is Home Affordability Dead? [0:48] – Why 7% Mortgage Rates Feel Like a Crisis [2:02] – "Prices Have to Come Down" Is Only Half the Math [2:26] – The Mortgage Rate Lock-In Effect [3:41] – All Real Estate Is Local: Hampton Roads vs. the Sun Belt [4:39] – The Two Coworkers: Why This Feels So Unfair [6:17] – Reverse FOMO: Afraid to Buy at the Top [7:05] – Buy Now or Wait? The 3-Scenario Decision Matrix [9:32] – Should You Buy a House? Where, When & How [10:06] – Stop Waiting for the Housing Market to Crash 🔑 LINKS MENTIONED: 📋 Free Interactive Buyer's Guide → https://bradsmyagent.com/homebuyer-gu... 🎥 "6 Reasons NOT to Buy a House" (2012) →    • 6 reasons NOT to buy a house   📞 Call or text Brad → 757-816-2968 👋 ABOUT BRAD ANDERSON: I'm Brad Anderson, the Realtor with an MBA (William & Mary) and Your Friend in Real Estate. I've helped buyers and sellers in Williamsburg and Hampton Roads, Virginia for 20 years with eXp Realty. My approach: real economics, not hype, whether the market's hot or everybody's panicking. 📍 Serving Williamsburg | James City County | York County | Newport News | Hampton | New Kent | Greater Hampton Roads, Virginia Mortgage rate figures as of early October 2026 (Mortgage News Daily; Freddie Mac PMMS). Rates change daily. This video is general education, not financial advice. Talk with a licensed lender about your situation. #MortgageRates #HousingMarket #HousingCrash