As rates come down, your monthly mortgage payment decreases, giving you more flexibility in what you can afford if you buy a home.
Lower financing costs will likely boost demand by pulling affordability-crunched buyers off of the sidelines.
Expect a few bumps along the way, because the trajectory of rates will depend on new economic data and inflation numbers as they're released.
While mortgage rates are expected to come down slightly, home prices are forecast to rise-but at a much more moderate pace than the market has seen.
Collection
[
|
...
]