Bargain Hunting With Rates Above 7%

Navigating today’s market with mortgage rates above 7% calls for both strategy and patience. At The Brooks Group, we know that every home search is about more than just numbers—it’s about building a future that reflects your goals and values. Recent data shows that buyers with a plan—like preparing for a potential half-point rate shift within 3 months, three-quarters in 6 months, or a full point over a year—can stay ahead of changing conditions. Buyers who entered the market later in the year often found homes about 5% less expensive compared to earlier, with fewer bidding wars and more room to negotiate. A five-month supply recently meant more opportunities to discuss price reductions, closing costs, or options like temporary rate buydowns. While the market is still absorbing the possibility of further Fed tightening, the long view remains: as inflation cools, mortgage costs could eventually ease. Our blend of market knowledge, financial insight, and negotiation expertise is designed to ensure you feel confident and cared for—because for us, homeownership is about building lasting legacies together.