Mortgage Rates Hit 7% Today: 8 Strategies Homebuyers Can Use Right Now

<p>Well, if you're shopping for a house today...</p><p><b>The bond market just punched you in the mouth.</b></p><p>😂</p><p>The 10-year Treasury yield surged today, closing around 4.94%.</p><p>And according to Mortgage News Daily, the national average 30-year fixed mortgage jumped another 10 basis points today to:</p><p><b>7.07%.</b></p><p>Yesterday it was 6.97%.</p><p>Tuesday it was 6.89%.</p><p>So in roughly two days we've gone from 6.89% to 7.07%.</p><p>And immediately somebody listening is thinking:</p><p><b>‘Well, that's it, Jon. I'm not buying a house.’</b></p><p>Hold on.</p><p>Because today's show isn't about telling you whether you should buy a house.</p><p>It's about answering a much better question:</p><p><b>If you WANT to buy a house in a 7% mortgage-rate environment, how do you play the game differently?</b></p><p>Do you negotiate the price?</p><p>Ask the seller to buy down your rate?</p><p>Take an ARM?</p><p>Put more money down?</p><p>Buy a cheaper house?</p><p>Ask for closing costs?</p><p>Lock the rate?</p><p>Or sit on your hands and wait?</p><p>Aaron, Dwight and I are going to build the <b>7% Mortgage Playbook</b> today.</p><p>Because you can't control interest rates.</p><p><b>But you can control how you respond to them.</b></p>