01/10/2024
Your Success Amplified...Say less...DO MORE!
J. GALEAS — Licensed Realtor/Advisor for REMERICA Hometown
www.jgaleas.com/
My YouTube channel
https://youtube.com/?si=ZZIq2paCknhhXSRP
This is a breath of fresh air for home buyers & sellers as we go into 2024 - Home sales are expected to rise in 2024 As more inventory and slightly lower mortgage rates create more breathing room for buyers, sales of existing homes are expected to go up, according to NAR's forecast. (National Association of Realtors)
Will home interest rates go down in 2024?
Most economists agree that rates should decline somewhat at the start of the year and pull back gradually during each quarter. Some predict that rates will stay above 6.5% throughout 2024; others expect rates will decline to 6% by year-end.
The bottom line in many experts opinion
…wait for interest rates to stabilize, may lose the chance to buy their dream home. Plus, they could always refinance to a lower rate in the future — or get a lower one now by applying for an adjustable-rate mortgage or buying mortgage points from their lender.Sep 6, 2023
Here’s a little tidbit…when my wife and myself bought our first home over 30 years ago……..’.’our interest rate was 11-12%. We refinanced over time actually a couple times to get much more favorable rate.
We didn’t have Low interest rates back then.
MOVING TO SOUTH LYON and the Kensington Valley region which includes Northville, Milford, Brighton, Lyon Township and Green Oak Township.Your Success. Amplif...
