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Posts from February 24th, 2025

All Things Central Oregon

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English
February
24

February 24th, 2025 by

Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.

The good news? Even if they don't drop substantially, there are still ways to make buying a home more affordable.

How Much Will Rates Drop?

A few months ago, experts were forecasting mortgage rates could dip below 6% by the end of the year. But recent projections suggest that may not happen after all.

While mortgage rates are still expected to decline some later this year, projections from Fannie Mae, the Mortgage Bankers Association (MBA), and Wells Fargo now show them stabilizing closer to the 6.5% to 7% range (see below):

Click Here to Read More...

Categories: Bend Real Estate General Information
Tags: bend oregon real estate, bend oregon, bend home prices, bend homes, Bend, Mortgage
Related Markets: Bend
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