10/11/2026
🏡 MORTGAGE RATES HIT 7.55% — BUT THERE’S MORE TO THE STORY! 👀
Higher mortgage rates are making headlines, but the numbers don’t tell the full story. What does this mean if you’re thinking about buying or selling?
In his October 8 interview on Good Morning America, NAR Chief Economist Lawrence Yun shared some important insights:
💰 HOMEOWNERS: Approximately $20 TRILLION in housing wealth has been gained since the early days of COVID. Many homeowners have built significant equity, but borrowing against it through HELOCs has become more expensive.
🔑 BUYERS: Higher rates are keeping some buyers on the sidelines. For qualified buyers, this could mean less competition and more opportunities to negotiate, depending on the local market.
🏡 SELLERS: Strategic pricing matters more than ever. Buyers are watching their monthly payments, and overpriced homes risk sitting on the market longer.
📍 REMEMBER: REAL ESTATE IS LOCAL!
National headlines tell part of the story, but what’s happening in your Massachusetts neighborhood is what really matters.
The market hasn’t frozen. The winning playbook has simply evolved!
👉 SWIPE through these 5 slides to see what this means for your next move.
👇 YOUR TURN: Are you waiting for rates to drop, or exploring opportunities right now?
Comment BUY, SELL, or WAIT + your town (example: BUY + Framingham). Let’s see what’s actually happening in your neighborhood! 🔑
📲 Marcia Pessanha | REALTOR®
📞 (508) 509-5996
🌐 MarciaPessanha.com
Source: ABC/GMA interview, October 8, 2026. The 7.55% rate reflects the figure reported in that interview.
HomeBuyingTips HomeSellingTips MassachusettsRealtor MarciaPessanha