Experts Predict a Mortgage Rate Drop—What It Means for Buyers & Sellers

A Predicted Mortgage Rate Drop—What It Means for Buyers & Sellers

Big news in the real estate world! Goldman Sachs economists predict that the Federal Reserve will cut interest rates three times this year, with the first cut expected as soon as July. Mortgage rates have already begun to dip, and as they continue to decline, we’re expecting an uptick in buyer demand and increased competition in the market.

So, what does this mean for you?

For Buyers: Now is the time to get pre-approved and start your home search! Lower rates mean lower monthly payments, and once rates drop further, more buyers will enter the market—potentially leading to multiple offers and rising home prices. Being prepared now puts you ahead of the competition.

For Sellers: If you've been waiting to list your home, don't wait too long! We’re already seeing multiple offers on move-in ready homes, and demand is only going to grow as rates fall. Listing now means attracting motivated buyers before competition heats up even more.

The Takeaway

Whether you’re buying, selling, or just curious about the market, we’re here to help you navigate these changes with confidence. Let’s chat about your next move!

Contact us today!