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Should You Wait for 2024 to Buy a Home?

Seattle, Portland, San Francisco
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Mortgage rates are expected to ↓ to 6% or below in 2024, from the current avg of 7.08%. ↓ 1% in mortgage rates on a 30-yr fixed mortgage for a $300K home loan equals $200 in monthly savings. Most forecasts expect prices to remain flat or ↓ 1% to 10% from 2022's highs. Experts say that buyers shouldn't be overly concerned with timing their purchase.

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