Thinking About Waiting for Lower Mortgage Rates? Read This First.
Posted by The Aaronson Group on
The Aaronson Group
Luxury Coastal Real Estate - OC
Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating, but it’s a real possibility.
A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. Based on today’s forecasts, that may not happen.
Let’s look at why experts don’t expect a dramatic drop in rates, and the options that could help you buy anyway. Even if rates don’t fall, you can still move. Here’s how.
1. Mortgage Rates Aren’t Expected To Fall in a Meaningful Way
If you’re waiting for rates to fall, you’re not alone. A recent survey from Clever-Best Interest found that 42% of…
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