If you’ve been waiting to buy a home, you’ll be happy to know today’s mortgage rate has dropped below last year’s peak. That’s good news because a lower rate makes it easier to afford a home loan. But you may be thinking, should I wait for rates to drop even more?
The answer is, probably not. Like Greg McBride from Bankrate says, we’re not going back to three percent anytime soon. And other experts agree mortgage rates are projected to stabilize this year, likely below six percent.
So, if you’re ready to make your move, holding out for three percent rates could mean missing out on the space you need or the home you love.
As a real estate expert, I’m here to help you navigate the housing market. Let’s connect and start exploring your options today.