Mortgage Interest Rates Matter

Will mortgage interest rates go down this year? Some experts are suggesting that rates will go down in September. Even with the higher rates home prices are rising and the number of home sales in 2024 will likely be up from 2023. Go figure!

Please borrow responsibly.  When you borrow it is a win for your employer because you will need to work hard to pay back your loan.

When rates go down the demand for houses will rise, which will drive prices higher still.

Keep an eye on rents. Rent growth was around 2.2% in the Twin Cities last year and less than half a percent for luxury properties. (Axios)

Chart of mortgage interest rates
Mortgage interest rates
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