they refer to the Federal Reserve Officials recently released
Forecast of Rates for the coming years.
Since the end of October, Mortgage Interest Rates have dropped from
near 8% down to around 6.5%
There projections have rates around 4.6% at the end of 2024,
around 3.6% at the end of 2025
and under 3% sometime in 2026.
As Mortgage Interest Rates go down, Home Prices are expected to Rise.
The strategy many Industry Experts are Advising is to
Buy your Dream Home now at Today's lower Prices.
When Rates drop, Refinance into a lower Monthly payment.
If you know someone who has been on the sidelines waiting to make a move.
Our advice would be to Speak with a Realtor and Lender.
Work on any credit issues and get yourself ready to
make the move when rates do come down.
