How Are Buyers Getting Under 7% Right Now? (Breakdown)

Should you wait for mortgage rates to drop, or buy now? Here's what actually sets your rate and what I'd do with rates back over 7%. Can you still buy with rates over 7%? Start with our 60-second check → https://cadremortgage.com/4 Mortgage rates are back over 7%. Waiting it out and buying now hoping to refinance later can both cost you real money if you do them for the wrong reason. Here's what actually sets your rate (and why the Fed doesn't directly), then six moves I'd make at today's rates, with the math and the catch for each one. Plus assumable loans. No rate predictions. Chapters 0:00 Rates are back over 7% 0:30 Where rates are right now 1:06 Where your rate actually comes from 2:04 What about the Fed? 2:53 What I'd actually do at 7% 2:59 Move 1: Price cut or rate credit? 4:38 Move 2: Get more than one quote 5:29 Move 3: Know which buydown 6:40 Move 4: Lock on purpose 7:16 Move 5: Compare loan types 7:50 Move 6: Make it work at today's rate 8:28 Assumable loans New videos every Monday and Thursday. Rates shown are Freddie Mac PMMS weekly averages as of the date on screen; your rate will differ. All payment examples are illustrative only. Sources: Freddie Mac PMMS; U.S. Treasury daily yield curve; Federal Reserve FOMC statement (Sept 16, 2026); Boston Fed, "Why Mortgage Rates Exceed Treasury Yields" (May 2026); Freddie Mac research (Feb 2023); CFPB; NAR (Aug 2026); Fannie Mae Selling Guide; HUD ML 2023-05. Example numbers only. Not a quote, a commitment to lend, or an offer of credit. Rates and programs change daily and depend on your situation. Luke Shankula, NMLS #1446932 · Mpire Financial Group, LLC, NMLS #2108504 · Equal Housing Opportunity #MortgageRates #FirstTimeHomeBuyer #HomeBuying