As we move through the rest of the year, it looks like mortgage rates may stay close to 7%, which means affordability will continue to be a challenge for many buyers in Charlotte. Persistent inflation and the chance of another Fed rate hike are keeping borrowing costs high, and wider MBS spreads aren’t helping either. For rates to come down meaningfully, we’d need to see inflation ease up, long-term yields settle, and more positive signals from the Fed—plus a healthier mortgage-backed securities market. As someone who guides families and investors through Charlotte’s real estate landscape, I recommend using today’s mortgage rates as your baseline for planning, whether you’re buying, selling, or investing. If we do get some rate relief down the road, consider it an added bonus—but for now, making decisions with current rates in mind will help you move forward with clarity and confidence.
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