Experts Are Predicting Mortgage Interest Rates Will Drop This Fall: Here’s What You Need to Know
Posted by Jeff Walters on
Many experts are predicting that mortgage rates will drop in the fall, which is music to many would-be buyers’ ears.
But if you’re thinking about buying a home in the coming months, it’s important to understand how the rate drop may impact the housing market, and what you need to know to successfully navigate that market and buy a home.
So what, exactly, does that look like?
A recent article from realtor.com outlined things buyers may want to prepare for if and when rates drop in the fall, including:
- Homes may not become more affordable. Many buyers are hopeful that home prices will drop along with interest rates, but that’s not how the market is shaping up. In fact, the realtor.com research team predicts that home prices will rise 4.6…
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