Mortgage Rate Forecasts
Are you still holding off on buying a home, hoping for significantly lower mortgage rates? Here’s what you should know. According to the latest expert forecasts, mortgage rates are projected to stabilize between 6.5% and 7% this year. While that’s lower than last year’s peaks, it may not be the dramatic drop you were expecting.
If you’ve been waiting for rates to decrease further before making a move, you might want to reconsider. The good news is that there are financing options available right now to help make homeownership more affordable. Strategies like rate buydowns, adjustable-rate mortgages (ARMs), and assumable loans could provide the flexibility and savings you need.
Instead of delaying your homeownership goals, let’s explore the solutions that can work for you in today’s market. Reach out to me with any questions—I’d love to help you navigate your options!