Mortgage rates fell sharply -and for the second straight week- as rising interest rates took hold within the housing market. The average 30-year fixed-rate mortgage rate dropped to 5.3% for the week ending July 7, according to data from Freddie Mac. This decline rate is the biggest decrease since 2008. Meanwhile, affording a home is getting even harder, with prices jumping over 17% from the year prior and financing reaching 7-year highs. Jelani Dorsey, Loan Officer at Goldstar Mortgage Financial Group, breaks down the demand for property and offers advice for those shopping for a new home.