Recent Blog Post
Expert Forecasts on Mortgage Rates
Recent Blog Post
If you’ve been thinking of buying a home in San Jose, 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.
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):
That could bring you some welcome relief. So far this year, mortgage rates have climbed over 2% 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.
Whether you’re looking to buy your first home in San Jose, 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. Let’s connect to discuss your goals and determine the best plan for your move.
Cambrian
Buyer Resources
Underrated, established, and quietly one of the best-value neighborhoods in the entire South Bay
Buyer Resources
The real cost of living, the right neighborhoods, and the mistakes that cost people hundreds of thousands of dollars
Seller Tips
The data from the last 90 days reveals a precision market. Here's what separates the sellers who win from the ones who wonder what went wrong.
Seller Tips
3 proven moves that still generate premium offers in Silicon Valley, even when headlines say otherwise
Seller Tips
The national headlines don't tell the Silicon Valley story. Here's the one that actually matters.
Seller Tips
The uncomfortable truth Silicon Valley sellers need to hear — and what to do about it.
Seller Tips
A licensed broker's guide to pricing, preparation, and closing strategy for Willow Glen sellers
Seller Tips
A licensed broker's guide to pricing, preparation, and closing strategy for Cambrian Park sellers
We believe the process of buying or selling your home should be enjoyable as well as rewarding. Our commitment to our clients is to work hard and provide them with a hassle-free, fun experience. We know how to make this stressful time much easier with our professional expertise, marketplace knowledge, high-tech marketing strategies as well as our enthusiastic team spirit.