📍 Market Volatility and Fed Decisions Could Determine Housing Affordability This Year
With mortgage rates hovering above 6%, the big question on everyone’s mind is: Will they drop in 2024, or should buyers act now?
📊 What’s Driving Mortgage Rates?
📉 Falling bond yields could push rates lower, but inflation concerns are keeping rates high.
🏦 The Federal Reserve’s next move will be crucial—a rate cut could lower borrowing costs, while a rate hike could push rates higher.
📊 Home prices continue to rise, meaning waiting for rates to drop may not save you money in the long run.
🔥 The Key Takeaway? Buying now and refinancing later may be smarter than waiting for a “perfect” rate drop.
💡 Should You Buy Now or Wait?
✔ Buy now if: You want to secure a home before prices rise further.
✔ Wait if: You can afford to gamble on a potential rate dip later this year.
💡 Pro Tip: Consider adjustable-rate mortgages (ARMs), seller-paid rate buydowns, and negotiating closing cost credits.
📞 Want to lock in the best mortgage strategy? Let’s discuss your options:
📅 Schedule a Consultation
