This is a YouTube video titled "When will Mortgage Rates go down #homeloans #realestate #homeloan #mortgagematters" created on January 1, 2024. The content features a single speaker discussing recent trends in mortgage interest rates, inflation data, and the impact on home sales and prices, providing advice to potential home buyers about timing their purchase.
Are you waiting for interest rates to drop before buy your new home? If that's the case, then the wait is over. Mortgage rates just finished 2023 with nine straight weeks in a row of lower interest rates. And this is based off only six months of good inflation reports. The Fed looks at 12 months of data. So as the next six months come in, mortgage rates are going to continue to surge lower. But it's very easy to see that over time, as mortgage rates go lower, home sales and home prices skyrocket. So still, the best price, the best deal you're going to get on a home is today.
