Current National Average Mortgage Rates

[Kenny Smith]

30 Yr Fixed - 7.07%

15 Yr Fixed - 6.50%

30 Yr Jumbo - 6.05%

30 Yr FHA - 6.62%

5/1 ARM - 6.79%

Also, Fannie Mae just released their "2023 Rate Projections", and they say rates could go down as low as 4.5% next year (https://www.cnbc.com/2022/08/2...).  If you're able to find a deal now, albeit at a higher interest rate, you could always refinance when rates drop.  The buying pool is still very large!  Once rates drop again, buyers will become active again which could continue to push home prices up.  Especially during the holiday season, there will be deals to be had.