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Federal Reserve Experts Expect Further Interest Rate Drops

by Team Farnham

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Interest Rates. The experts expect the Federal Reserve to drop rates two, maybe even three times before the end of the year. Mortgage rates are anticipated to improve over the next five quarters, continuing into 2025. 

 

However, rising home prices nationwide could offset any savings from these lower rates. My advice is not to wait to buy real estate—focus on finding a home you love, as home prices will have a lasting impact, while interest rates are temporary.

 

I also noticed that home prices dropped slightly last month, the first decrease we've seen this year. It’s a small change, so I wouldn't worry too much about it. Next week, I'll share how presidential elections might affect the housing market.

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