What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Steve Goodman, Realtor, Broker Associate

Find Your Home











Steve Goodman, Realtor, Broker Associate

Pinnacle Estate Properties, Inc.

Housing Market Updates, Interest Rates

September 08, 2022


If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve 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’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts.

Experts Project Mortgage Rates Will Stabilize

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll 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):

Expert Forecasts on Mortgage Rates | Keeping Current Matters

That could bring you some welcome relief. So far this year, mortgage rates have climbed over two percentage points due to the Federal Reserve’s response to inflation, and that’s 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.

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.

Bottom Line

Whether you’re looking to buy your first home, move up to a larger home, or even downsize, you need to know what’s happening in the housing market so you can make the most informed decision possible. Reach out to a trusted real estate professional to discuss your goals and determine the best plan for your move.


Tags:

Featured Listings

sold
Sold for $1,510,000 , 4+4 Sand Canyon, House + Guest House+ Barn + Horse Arena+Backyard Pool/Spa/Waterfall, Fire-pit, Built-in BBQ, Sports Court with Majestic Gated Driveway in Amazing Scenic Community, Panoramic Views, A Must See!
$1,510,000
sold
4
beds
4
baths
5,129
Sq Ft
sold
Must see this beautifully Upgraded and impeccably maintained Valencia end of Culdesac Today Tract home situated close to award winning schools, shopping, restaurants. Enter this Spacious 1624 sq ft, 4+2 model w/Newer Vinyl Dual Pane Windows throughout+ +
$619,900
sold
4
beds
2
baths
1,624
Sq Ft
sold
* SPECTACULAR View Home situated atop prestigious Gated West Hills-Valencia offering Master Balcony and Breathtaking Unobstructed Panoramic View on Premier Lot, Built-in Spa and Cascading Waterfall, Private Side Yard & over $90k in upgrades. 1st Floor Bdm
$749,000
sold
4
beds
4
baths
2,502
Sq Ft
listed
MUST SEE-Amazing Private Hillside on over 1/2 Acre Lot, Upgrades, Spacious Floorplan. See Tour.
$549,900
listed
2
beds
2
baths
891
Sq Ft

Recent Posts

Get Started!