{"id":3296,"date":"2022-09-07T10:00:39","date_gmt":"2022-09-07T10:00:39","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/09\/expert-forecasts-on-mortgage-rates\/"},"modified":"2022-09-07T10:00:39","modified_gmt":"2022-09-07T10:00:39","slug":"expert-forecasts-on-mortgage-rates","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/09\/07\/expert-forecasts-on-mortgage-rates\/","title":{"rendered":"Expert Forecasts on Mortgage Rates"},"content":{"rendered":"\n
\n

\"Expert<\/p>\n

If you\u2019ve been thinking of buying a home<\/a>, you may have been watching what\u2019s happened with mortgage rates over the past year. It\u2019s true they\u2019ve risen dramatically, but where will they go from here, especially as the market continues to slow?<\/span><\/p>\n

As you think about your homeownership goals and decide if now\u2019s the time to make your move, the best place to turn to for that information is the professionals<\/a>. Here\u2019s a summary of the latest mortgage rate forecasts from housing market experts.<\/p>\n

Experts Project Mortgage Rates Will Stabilize<\/strong><\/h4>\n

While mortgage rates<\/a> continue to fluctuate due to ongoing inflationary pressures and economic uncertainty<\/a>, experts project they\u2019ll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected to hover in the low to mid 5% range initially, and then potentially dip into the high 4% range by later next year (see chart below<\/em>):<\/p>\n

\"Expert<\/a><\/p>\n

That could bring you some welcome relief. So far this year, mortgage rates have climbed\u00a0over 2%\u00a0due to the Federal Reserve\u2019s <\/em>response to inflation<\/a>, and that\u2019s made it more expensive to buy a home. And wondering if the rise in rates will continue is keeping some prospective buyers on the sidelines.<\/p>\n

But now that experts say mortgage rates should stabilize, this gives you a bit more certainty about what they think the future holds, and that may help you feel more confident about your decision to buy a home.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Whether you\u2019re looking to buy your first home, move up to a larger home, or even downsize, you need to know what\u2019s happening in the housing market so you can make the most informed decision possible. Let\u2019s connect to discuss your goals and determine the best plan for your move.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"

If you\u2019ve been thinking of buying a home, you may have been watching what\u2019s happened with mortgage rates over the past year. It\u2019s true they\u2019ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now\u2019s the time to […]<\/p>\n","protected":false},"author":1,"featured_media":3297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t