Real Estate Right Now:
What Are Mortgage Rates Doing and What Can We Expect?

In this episode of Real Estate Right Now, the conversation focuses on what Are Mortgage Rates Doing? and the questions buyers and homeowners should consider when evaluating financing and closing decisions.

Recorded in August 2024, the episode provides context for the market and practices discussed at that time. For current local information, explore Linda Craft Team’s Triangle real estate market statistics and related resources throughout this page.

This Episode's Highlights

Financing details can change the cash, payment, timing, and risk involved in a real estate transaction.

Understanding the process early gives consumers more time to compare options and resolve questions.

A lender and real estate professional can connect general information to your specific finances and goals.

What This Episode Covers

As we approach the 2024 Presidential Election there are rumblings in the mortgage market. Will this be like every other election year that right before the election interest rates "magically" decline?

The discussion gives consumers a framework for asking better questions about what Are Mortgage Rates Doing?. Because real estate decisions depend on the property, finances, location, and timing, the ideas in the episode should be considered alongside current local information.

Connect the Topic to Your Financing Plan

General information about what Are Mortgage Rates Doing? cannot replace a review of your income, credit, debt, cash, and goals. The team’s mortgage resources can help you prepare for a more useful conversation with a lender.

Understanding your home buying power before touring homes can make it easier to compare payments, closing costs, and financing choices.

Get Guidance for Your Next Step

Linda Craft Team, REALTORS can help you connect the episode’s ideas to your property, finances, and plans in the Triangle.