This is the most common question I’m asked.  It is always hard to predict where rates will go, just like it is hard to predict where stocks will go.  However, during the tariff negotiations, the dollar devalued, and as a consequence, the rates on bonds and mortgage-backed securities remained high.  It appears rates will remain high while tariff negotiations are ongoing.  Once the negotiations resolve, certainty will come back to the markets, and activity will likely pick up.  In the meantime, the inventory of homes on the market has increased, and there are more options for buyers making it a good time to buy.  There are price reductions, and buyers can negotiate seller concessions towards closing costs, including rate buydowns.

If you are looking for help buying a home, contact us, we can help you with your loan options.  This is what we do every day.