Forget 4% Mortgage Rates: What Buyers Should Focus On | Tom's Take 486

New mortgage rate forecasts from Fannie Mae, Wells Fargo, the Mortgage Bankers Association, and Realtor.com are pointing toward one major theme: stability. Instead of expecting a dramatic return to sub-5% mortgage rates, buyers and sellers should prepare for rates to stay in the low-to-mid 6% range through the next 18 months. In this episode of Tom's Take, Tom Toole breaks down what the latest mortgage rate predictions mean for buyers, sellers, and the Greater Philadelphia housing market. With inventory rising, showings down, and rates expected to remain more stable, buyers may have more opportunity than they realize. If you're thinking about buying or selling in Chester County, Delaware County, Montgomery County, the Main Line, or Philadelphia, this market update will help you understand what to watch next.