If you were to Google mortgage interest rates right now, the odds are you would find a ton of articles that say the Fed’s going to cut interest rates multiple times in 2024. Nobody has a crystal ball. Nobody knows what’s going to happen. The odds of interest rates dropping a point or more in an election year are pretty likely. What will happen if rates do drop?
Millions of more buyers who are on the sidelines right now will qualify. They are willing to buy, but when interest rates drop a little bit, they will be able to buy.
More competition for buyers.
Less negotiation power for buyers.
Send this to someone who could use it, someone who’s in the market to buy & don’t forget to follow me for more tips.
#buyingahouse #realestate101 #chandlerrealtor #gilbertrealtor #queencreekrealtor #arizonarealtor #movingtoarizona