Mortgage Rates Take a Step Back—What It Means for SF Buyers and Sellers

After a spike last week thanks to hot inflation data, mortgage rates are easing up again as investors rethink where the economy is headed. The 30-year fixed mortgage rate dropped to 6.93%, which is still high compared to a few years ago—but better than where we’ve been. So, what’s the real impact for buyers and sellers in San Francisco’s market? Let’s get into it.