The Buyer Finally Has Leverage. The Rate Still Has the Last Word.

October 12, 2026

Two Realtor.com stories ran on Sunday that belong in the same sentence. One covered a Neighbors Bank survey showing first-time buyers are negotiating harder than they have in years. The other reported that Mike Fratantoni, chief economist of the Mortgage Bankers Association, expects the 30-year mortgage rate to stay above 7% through the end of 2027.


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