Rates Are Expected to Drop in 2023 - What Does This Mean for Buyers Today?

Kyle Ernst, President, Stonehaven Mortgage

September 15, 2022

Fannie Mae recently came out with a projection that mortgage rates for a 30-year fixed may fall to 4.5% in 2023!

Since the beginning of 2022, interest rates have jumped more than two percentage points in an attempt to combat high inflation. Some buyers may be hesitant to buy now when rates are expected to drop, but the time to buy is now!

See a house you love? With the market the way it is today, the house of your dreams may be gone tomorrow. Don’t worry! With our no cost* refinance program you can buy the house of your dreams now and we will refinance your loan when rates drop. 

Give us a call today to discuss your options!

*all lender fees are waived. Contact us for more information!

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*Copyright© 2023 Stonehaven Mortgage Corporation. NMLS #901574. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. Equal Housing Opportunity.