30-Year Fixed Mortgage Rates Predictions

Market Update Kathleen Magat October 17, 2024

We're into October and things are looking bright for the real estate market in Austin. According to the Mortgage Bankers Association, interest rates are going to continue to come down slightly.
 
Here’s what they are currently predicting for 30 year fixed mortgage rates:
  • Q4 2024: 6.2%
  • Q1 2025: 6.0%
  • Q2 2025: 5.9%
  • Q3 2025: 5.9%
  • Q4 2025: 5.8% 
  • 2026: 5.8%
Keep in mind that these are just predictions, but they are a positive sign for anyone considering a move in or to Austin.
 
Whether you’re planning to buy or sell your home in Austin, things are looking positive for the real estate market. With interest rates coming down, we’re already seeing more buyers starting (or restarting) their search. Many of those buyers currently own homes that they’ll sell… which should bring more homes to the market.
 
After over a year of high interest rates and overall challenges in the real estate industry, I’m so excited for the next year. Things are looking very bright!
 
If you’re considering buying or selling, schedule a time to talk with me. I’ll take time to understand your goals and we can determine if we’re a good fit for each other. Looking forward to our conversation.

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Work With Kathleen

Kathleen is the top real estate agent in her brokerage. She has built her business building long-term relationships and being a resource for her clients before, during and after the transaction. As a member of the Meta Realty team, she offers her clients almost two decades of real estate experience.

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Kathleen Magat

(650) 291-7516
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10900 Research Blvd Ste 160C Austin TX 78759