Higher Mortgage Rates Give Homebuyers More Bargaining Power, Myers Capital Hawaii Says
Bitget2026/10/27 01:11- Myers Capital Hawaii’s housing market analysis finds higher borrowing costs are cooling demand, giving buyers more choices and greater negotiating power.
- The average U.S. 30-year fixed mortgage rate reached 7.28% in early October 2026, versus below 6% earlier in the year.
- Housing inventory rose to 1,620,000 homes in August, up 5.9% from a year earlier.
- Existing-home sales slipped to a 3,980,000 annual pace in August; the national median existing-home price remained 1.6% higher year over year.
- Sustained mortgage rate relief likely requires lower inflation and cooling economic growth to bring longer-term bond yields down.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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