Mortgage Rates Hit 7 Percent! Is the Dream of Owning a Home Officially Shattered?!

Is This My Fault? Probably Not.

Alright alright settle down. I heard the news. Mortgage rates are up to 7.1%. Highest since what February? That's like a whole month ago in my world. Some people are saying it's because of Trump's tariffs. I'm not getting into politics but let me just say you gotta drive to the basket whether you like the call or not. Gotta stay aggressive. But seriously 7.1%? That's rough even for a guy who once dropped 63 points on the Celtics and still lost. Losing sucks and so does paying extra on your mortgage.

Bond Yields? Sounds Like a Dunk Contest.

They're talking about bond yields spiking dropping doing the cha cha slide. Sounds like a highlight reel! But honestly who cares? Unless you're making MILLIONS and playing the market all these numbers just mean one thing: it's harder for folks to buy homes. And a man's home is his castle or at least his place to display all his championship trophies. Speaking of which...

Matthew Graham? Never Heard of Him. Probably Not Better Than Me.

This Matthew Graham guy from Mortgage News Daily says it's the worst week for bonds since '81. '81? I was just a kid then dreaming of dominating the game. But look even I know this ain't good. Two ways to look at it? Nah there's only one way: this is a challenge. You gotta want that house. You gotta believe you can get it. Just like I believed I could hit that shot even when the whole world doubted me. Doubt me now?.

Consumer Sentiment? They Need to Believe!

Consumer sentiment is down? Inflation expectations are up? People are scared? I get it. But fear is just another opponent. You gotta face it head on drive right through it. Remember that time I had the flu game? Did I stay in bed? No! I went out there and gave it everything I had. You gotta have that killer instinct when it comes to your dreams. Even if it means cutting back on those $50 cigars.

Nancy Lazar... Another Analyst... Yawn.

This Nancy Lazar from Piper Sandler is saying "Forget about housing." Seriously? Forget about housing? I never forgot about winning! You can't just give up! This is like saying "Forget about the game" in the fourth quarter. No way! This is when champions are made. Time to lace up those sneakers tighten those purse strings and find a way to make it happen! Haters gonna hate but I'm still gonna ball!

My Advice? Just Do It (Responsibly of Course).

Look I'm not a financial advisor. I'm Michael Jordan. But I know a thing or two about overcoming obstacles. Do your homework. Shop around. And most importantly believe in yourself. And if you're looking for a good investment maybe consider investing in some... uh... Jordan apparel! (Just kidding... mostly.) Seriously though don't let these rates scare you away from your dreams. Stay focused stay hungry and you might just find yourself living in that dream home. Now if you'll excuse me I'm gonna go practice my golf swing. Gotta stay competitive you know?