7% Mortgage Rates & Housing Crisis EXPLAINED

Byron Lazine, Tom Toole, and special guest Lisa Chinatti discuss the return of 7% mortgage rates, persistently low inventory, and the mortgage rates forecast. They also weigh in on whether the Fed screwed up and made things worse.

TEAM LEADERS: SCALE PAST $100M

Join Byron Lazine, Tom Toole, Lisa Chinatti, George Laughton, Amy Stockberger, Gino Blefari, Luke Acree, and top team leaders at BAM Camp: Team Leaders, September 22–23 in Scottsdale. This intimate, two-day workshop is built to help you scale your team, increase profit, strengthen leadership, and leave with a clear 90-day action plan. Get your ticket before it sells out →

This week on the Knowledge Brokers Podcast, special guest Lisa Chinatti joins Byron Lazine and Tom Toole to discuss the return of 7% mortgage rates, the impact of low inventory, and the mortgage rates forecast.

If you’re an agent wondering what to say to clients about today’s market conditions—particularly those thinking about taking a break from home shopping—this is one episode you don’t want to miss. These three have seen it all, and they’ve learned how to make the most of every market.

That’s not to say it’s “always a good time to buy.” But it helps to know what seasoned and successful professionals would say in a market that has gotten tough.

The conversation wraps up with the question of whether the Fed has screwed up and made things worse, considering a growing number of people now expect them to announce another interest rate hike of 50 basis points at this month’s FOMC meeting.

Click on any of the timestamps below to watch:

00:00–00:36 Intro

00:36 Mortgage rates at 7%

01:54 “You are in the business of information”

04:16 Refi rule of thumb

13:17 What to tell buyers thinking about taking a break from home shopping

16:12 Multiple offers are back

17:34 Activity always breeds activity

21:54 Baby Boomers and condo owners

31:49 Pain points are what cause people to move

33:08 Has the Fed screwed up?

37:32 More people expecting a rate hike of 50 bps

39:19 Scripts for lockbox communities

47:10 How are you changing your approach in 2023 to win more listings?

Click here to watch the full episode.

Subscribe to Knowledge Brokers Podcast

Download the printable PDF with all 27 lines:

For daily real estate news, business and marketing.

About the Author

BAM Staff

Real estate may be all about location, location, location, but we know that content is king! That's why we have an army of talented writers behind the scenes, crafting posts like this one to help you navigate the ins and outs of the industry.

Agent Strategy

Housing Market Realities Agents Should Be Talking About Right Now

Harvard’s Joint Center for Housing Studies issued their 2026 State of the Nation’s Housing report. Here are their 10 takeaways and what agents should do with them.