Q2 Prognosis

Despite 2023 predictions of lower interest rates and control over inflation, the NMP advises, in it's weekly update that "Fannie Mae's April 2024 report indicates stronger economic data and inflation, leading to higher interest rates and fewer expected Fed rate cuts. Despite rising mortgage rates impacting home sales, increasing listings may help alleviate inventory shortages, though home prices are projected to continue rising."

What does this tell up? If you are able to buy, don't put your plans on hold. Don't sit on that home you have to continually update, repair, etc. just because you don't like interest rates. There will be lower rates, at which time you can refinance. Other options include buying the rate down, permanently, or for just one or two years, in order to get that lower payment you need or want.

Do the math. Are you eligible for a line of credit to pay off high credit card debts, or will you need to do a total refinance to achieve the same goal? Do the math. Don't stew around in the pot of indecision. Do the math and move forward with your destiny. Look at today's options and make the best choice. Tomorrow's options will be different, and not necessarily better for you if procrastinating.