ING Economics has predicted several rate cuts in 2024, in a note shared by their chief international economist James Knightley.  He wrote that he expects six rate cuts in 2024 in response to a slowing economy.  He expects the cuts to begin in the second quarter of 2024 and that the total could reach 125 basis points by 2025.

You can read more about it here.

When rates drop, demand increases - and so do prices.  If you're considering buying a home, now is actually a much better time to begin your search than when the rates actually decrease.  The prices are lower and there is less competition.  When both of those things change, and you're already settled into the home of your dreams, you can take advantage of the lower rates to re-finance.  Is buying a home one of your goals for 2024?  I've helped countless homebuyers navigate the often-stressful process and ensured it was a smooth, enjoyable and memorable experience - and I'd love to help you, too.  Contact me to get started!

Posted by Lisa Ferro on
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