Robyn Pinheiro, Winning Realty

Everyone’s waiting for rates to fall. And according to NAR, the magic number they're hoping for is 6%. But is that number on the horizon?

Most forecasts say rates will stay in the mid-to-low sixes through the end of next year. But right after the latest weaker than expected jobs report, rates hit their lowest point so far this year (6.55%). And that sparked hope they’re on their way down.

Ultimately, what happens from here all depends on the next round of economic reports. As of right now, experts agree a bit drop isn’t expected, but small changes are possible. Here’s what to watch.

When rates do fall to 6%, it could unlock 5.5 million more buyers. So waiting would mean dealing with a lot more...



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