Dreaming of your new home and wondering when mortgage rates will go down? Amidst the excitement of buying or selling a home, there’s one burning question on everyone’s mind: where are the rates going? For both buyers and sellers, the direction of interest rates is the compass guiding their real estate journey. Join us as we shed some light on the mystery of rate projections as well as a bit of perspective on where they are now. The decisions of aspiring homeowners and sellers navigating the dynamic housing market may be more a function of your known priorities than the rates themselves.
Everyone wants to know where rates are going!
The fact is that no one knows for sure, but here is a table provided by Keeping Current Matters that shows projections through the end of 2024.
Experts project rates to be in the mid-six percent range by the end of 2024.
What we see here is a consensus among Fannie May, Mortgage Bankers Association, and the National Association of Realtors that rates are likely to be in the mid-six percent range by the end of next year.
Current rates are still lower than they were in the last three decades.
One thing we do know is that rates in the seven-percent range are still lower than they were in the last three decades. This might not do much to change your monthly payment, but it does provide some perspective and illustrates that rates below four percent were actually an anomaly and are not likely to return.
What does this mean for you?
How does this affect home sellers and buyers? Should you make your move now? It depends on your situation, plans and priorities. Reach out, and let’s have a conversation.
Luxury Coastal Real Estate Specialist | Fairfield Beach, Southport & Westport CT | Waterfront & Lifestyle Transitions | William Raveis Real Estate
Buying or selling a home can feel overwhelming, or exciting. It is one of life’s biggest transitions — and it often comes with more questions than answers. How do I price my home for top dollar? What upgrades matter most to buyers? How can I compete for Fairfield Beach or Westport CT homes for sale without overpaying?
I’m Linda Raymond, a Fairfield County Realtor with William Raveis, and I'm here to guide you to make informed decisions so your move is smooth, strategic, and successful!
As a lifelong Connecticut resident who has lived and worked in Westport, Fairfield, Southport, and neighboring towns, I bring deep local knowledge and community connections. My clients trust me for personalized service, innovative marketing, and results-driven strategies that help sellers achieve the best price and buyers find the right fit — whether that’s a luxury home in the Fairfield Beach Area or Westport or a first home in a welcoming neighborhood.
With nearly 100 five-star reviews and recognition as a Luxury Property Specialist, Chairman’s Elite Club member, and Connecticut Magazine’s Five-Star Professional Award winner, my track record speaks for itself. But what I value most are the long-term relationships I’ve built. Many of my clients return — or refer friends and family — because they know I’ll put their goals first.
Whether you’re upsizing, downsizing, or relocating to Fairfield County, I’ll start by listening closely to your needs and priorities. Then, I’ll create a custom plan to help you move forward with confidence.
Let’s make your next move rewarding — and even exciting. Call or text me today at 203.912.4440 to connect with a trusted Fairfield and Westport CT Realtor.
Fairfield and Westport CT Real Estate Guide 