If you've been waiting to buy a home, you'll be happy to know today's mortgage rate has dropped below last year's peak. That's good news because a lower rate makes it easier to afford a home loan. But you may be thinking, should I wait for rates to drop even more? The answer is probably not. Like Greg McBride from Bankrate says, we're not going back to 3.0% any time soon, and other experts agree mortgage rates are projected to stabilize this year, likely below 6%. So if you're ready to make your move, holding out for 3% rates could mean missing out on the space you need or the home you love. As a real estate expert, I'm here to help you navigate the housing market. Let's connect and start exploring your options today.
Jeremy Farlow, Managing Broker
Farlow Real Estate Experts
Quincy, IL 62305
Farlow.zoodealio.com (click here for cash offers on your house)
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