Selling Your Home - Magazine - Page 9
But like with anything, it varies by area. Some markets are cooling more than others. Even in
markets where prices have come down slightly, the average dip is just -3.5%. That’s a far cry
from the nearly 20% decline the market experienced during the 2008 crash. Plus, those small
changes are easily absorbed when you consider how much home prices have climbed over the
past few years.
The takeaway? Prices aren’t crashing. They’re expected to keep climbing nationally – just
not as quickly these days.
And some may argue they’ll be closer to flat by the end of this year. But, this is going to vary by
market, with some local ups and downs. So, lean on a pro to see the latest price trends for your
area.
Will Mortgage Rates Come Down?
Another common thought among today’s buyers is: I’m just going to wait for rates to come down.
But is that a smart strategy? According to Yahoo Finance:
"If you’re looking for a substantial interest rate drop in 2025, you’ll likely be left waiting. The
latest news from the Federal Reserve and other key economic data point toward steady
mortgage rates on par with what we see today."
In other words, don’t try to time the market or wait for a drop that may not be coming. While
rates did come down a bit over the summer, most experts say rates will remain in the 6s, and
projections have them settling in the mid-6% range by the end of this year (see chart below):
Don’t Expect a Big Drop in Mortgage Rates
30-Year Fixed Mortgage Rate Projections
Quarter
Fannie Mae
MBA
Wells Fargo
Average
of All 3
Q3 2025
6.70%
6.70%
6.65%
6.68%
Q4 2025
6.50%
6.60%
6.55%
6.55%
Q1 2026
6.40%
6.50%
6.50%
6.47%
Q2 2026
6.20%
6.50%
6.50%
6.40%
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