Market Update: Expert Forecasts for Rates and Prices

A lot of people are hoping for the same thing: lower mortgage rates and lower home prices.

The problem? Forecasts show that’s probably not what’s in the cards — at least, not right now.

According to the latest expert forecasts, mortgage rates aren’t expected to fall dramatically, while home prices are still projected to rise, albeit at a more moderate pace. In other words, waiting for both rates and prices to drop significantly could mean waiting longer than you think.

Now, that’s not necessarily what you wanted to hear. But it doesn’t mean you’re out of options.

The housing market is becoming more balanced, and today’s buyers may have more opportunities to negotiate and find the right home than they did a few years ago.

Sometimes the best move isn’t waiting for the market to change. It’s exploring what’s still possible right now.

Other people are still making it happen — even with rates and prices where they are. Maybe you can too.

If you’ve been waiting on the sidelines, let’s take a look at what your options could be in today’s market.

Let's talk if you want help thinking it over.