First-time homebuyer programs & San Francisco housing market

Mortgage rates are climbing, reaching their highest levels in nearly three years. As of October 22, 2026, the average 30-year fixed mortgage rate stands at 7.32%, while the 15-year rate is 6.68%. What does this mean for homebuyers, and is now the right time to buy a home? Christina Perez, with Land Home Financial Services, and Marylou Lopez, with Coldwell Banker San Francisco, give insight.