What is Going to Happen to Interest Rates in 2024?

What is Going to Happen to Interest Rates in 2024?

Well... we don't have a crystal ball 🔮 but we do have access to the most reports, information and statistics the public may not see!

And all that information (and all the experts) are pointing to one thing and one thing alone...

There's a high likelihood interest rates will DROP this year... and substantially 📉

As always, there will likely be ebbs and flows as the market constantly moves and shifts, but there are three primary indicators as to why this is a majority prediction.

1️⃣ Inflation

Historically, inflation and interest rates run parallel to each other. Thankfully, we are beginning to feel some relief as inflation begins to ease... which means we'll see some ease with interest rates as well.

In fact, we are already seeing this with some of our buyers! It's best to speak with a TRUSTED lender to learn what is available to you.

2️⃣ Supply and Demand

We are in a LOW INVENTORY market. Which means demand is HIGH...

As more demand for credit can drive up rates... an oversupply can lead to lower rates.

3️⃣ The election year

The election is just around the corner and with the election comes campaigns. No matter which side of the aisle you lie... this will undoubtedly impact the state of our interest rates.

These three indicators have experts in agreeance - the drop is coming... and once it does. GET. READY.

The #1 thing we hear from buyers and sellers hesitant to enter the housing market right now is that interest rates are too high...

Once they drop what do you think will happen? That's right - the market will flood.

Which could mean multiple offer situations and prices skyrocketing trying to outbid each other. Another frenzy.

Now is a great time to get in while the competition is low and you have some negotiating power.

To start your journey to homeownership... click HERE

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