Posted January 2, 2025 in Blog / Education

Should You Wait to Buy a Home in 2025? Let’s Break It Down.

As we look ahead to 2025, mortgage rates are expected to stay relatively stable, with averages predicted to fall between 6% and 6.4%. For instance, Fannie Mae forecasts a 30-year fixed mortgage rate of about 6.3% by the end of 2025.

This raises a common question for many prospective homebuyers: Should I wait for lower rates before purchasing a home? The answer depends on several key factors.

While mortgage rates might decrease slightly, home prices are anticipated to continue climbing. Realtor.com projects a 3.7% increase in home prices throughout 2025. Waiting for a marginally lower interest rate might mean paying more for the property itself. Additionally, there’s no guarantee that rates will drop significantly anytime soon.

If you’re financially ready—with a solid down payment, steady income, and a clear understanding of your budget—it might make more sense to move forward now rather than gamble on uncertain rate changes.

Remember, the best time to buy a home isn’t about perfect timing in the market—it’s when it aligns with your personal and financial goals. If you’re ready to take the next step, let’s connect and create a strategy that works for you!