Rate Rollercoaster: Hold Your (Mortgage) Horses!

In today’s episode, Teresa Grobecker breaks down the latest twists in the market. Mortgage rates ticked higher, with the 30-year fixed hovering around 6.6% nationally and spiking closer to 6.9% in California. Commercial borrowers are seeing pressure too, with CMBS and bank loans running near 7%. The bond market is flashing warning signs as the yield curve steepens, and all eyes are on Fed Chair Powell ahead of his Jackson Hole remarks.Residential real estate continues to slump, with summer sales sinking to their lowest levels in more than a decade—even as prices nudge higher.But the headline of the day belongs to Lowe’s, which announced an $8.8 billion acquisition of Foundation Building Materials. The deal strengthens Lowe’s professional contractor business, adds 370 distribution hubs, and underscores its competition with Home Depot in the pro-builder market.Hot Sales Idea: Take a cue from Lowe’s—tailor your pitch for both retail and pro clients, offering creative financing and flexible deal structures that match today’s volatile environment.Subscribe to the pod! Now available on Apple Podcasts and Spotify.Happy selling!Teresa Grobecker, MBA, CRPCCA DRE 01908507 NMLS 1286612, CEO and Broker of Record, Grobecker Holland International, Inc., CA DRE 01976696 NMLS 1295266http://grobeckerholland.com/