???? Interest Rate Predictions vs. Reality! ????

Merci ! Partagez avec vos amis !

Vous avez aimé cette vidéo, merci de votre vote !

Ajoutées 6 mois by

13 Vues

???? Interest Rate Predictions vs. Reality! ????

Back in December 2023, experts predicted lower mortgage rates for 2024. Let’s see how those forecasts compare to today’s reality:

Predicted Rates (Dec 2023):

MBA: 6.1%
NAR: 6.3%
Fannie Mae: 6.7%
Actual Rates (Sep 2024):

30-Year Fixed: 6.39%
FHA 30-Year Fixed: 6.28%
While rates haven’t dropped as much as expected, home prices are stabilizing.

Key takeaway? Waiting for lower rates might mean higher prices later! ????

Now’s a great time to take advantage of:

1️⃣ Seller credits to reduce closing costs.
2️⃣ Rate buy downs for a lower mortgage payment.
3️⃣ A savvy agent to negotiate the best deal for you!

Questions? DM me—let’s chat! ????

#HomeBuyingTips #InterestRates #MortgageUpdate #RealEstateMarket #FirstTimeHomebuyer #HouseHunting #MortgageRates

Sources:

Instant Reaction: Mortgage Rates, December 14, 2023 - NAR
Economic Developments - December 2023 | Fannie Mae
Mortgage Rates Forecast: Expected Trends for 2024 - USA Today

Falina Selchert
REALTOR®
Γea⅃ Broker LLC
????605.759.0808
????????‍????www.falinaselchert.com

#southdakotarealestate #sodakrealtor #blackhillsrealtor #blackhillsrealeatate #blackhillssouthdakota #sellingsodak #buildingwealththroughrealestate #spearfishrealestate #bellefourche #spearfishsd #realbroker #therealbrokerage #InvestSmart #BuildWealth #homeownershipmatters

[Black Hills, Spearfish Real Estate, Belle Fourche, Real Estate, REAL]