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Market News and Trends

Mortgage interest rate forecasts

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As published by HousingWire, the consensus of ecomists’ forecasts call for lower mortgage rates in the coming year:

Before you pop a top, though, notice that the range of forecasted rates for the 4th quarter of 2024 is from just over 6% to a little more than 7%, still about twice what we got used to in recent years. For perspective, this chart shows five decades’ history of mortgage interest rates:

Continuing with economists’ forecasts from HousingWire, the outlook is somewhat mixed for the number of homes that will be sold in the coming year, and even more mixed in considering home prices. For all the details, visit: DataDigest: Breaking down housing economists’ 2024 forecasts.

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About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including almost 20 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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