When Will Mortgage Rates Come Down? Insights for Beach Buyers and Sellers

One of the most common questions we’re hearing from our Delaware and Maryland beach clients is: When will mortgage rates finally ease? After a few years of rising rates and market volatility, it’s a question on every buyer’s and seller’s mind.

While no one can predict the future with complete accuracy, experts suggest that rates will start to stabilize as we move into 2025. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
"While mortgage rates remain elevated, they are expected to stabilize."

What Influences Mortgage Rates?

Here are a few key factors that will determine where rates go from here:

• Inflation: As inflation cools, we may see rates dip slightly. However, persistent inflation could keep rates elevated.
• Unemployment Rates: Changes in unemployment affect the Federal Reserve’s decisions, which indirectly influence mortgage rates.
• Government Policies: New fiscal and monetary policies in the coming years could also impact financial markets and rates.

While experts forecast some relief on the horizon, rates are still likely to fluctuate based on ongoing economic trends.

What Can You Do Now?

If you’re dreaming of owning a coastal home in Bethany Beach, DE, or Ocean City, MD, the best move is to focus on what you can control:

• Boost your credit score 📈
• Save for your down payment 💰
• Stay updated with advice from trusted local real estate and local mortgage professionals

Buying or selling at the Delaware and Maryland beaches is about more than rates—it’s about securing your dream lifestyle or investment in one of the most sought-after areas.

Let’s Connect

Whether you’re buying your dream beach home or selling your coastal retreat, our team is here to guide you through every step. Contact us today to discuss how to navigate today’s market and plan for the future!