What’s Up With Rates? Aren’t They Supposed to Be Going Down?

Let's tackle the big question of the day: “What's going on with interest rates…weren't they supposed to go down?” As we find ourselves heading into the summer, it's time to unpack this issue and provide clarity amidst the uncertainty.

Predictions aren’t guarantees

Back in January, many experts predicted a downward trend in interest rates, with some suggesting figures as low as 6.1% or even 6.5%. However, as we've observed, reality often diverges from forecasts. Predictions, while valuable as guides, are not infallible guarantees. This underscores the importance of seizing opportunities when they arise and being prepared to act when the time is right—whether that was in January or now.

I told you so…

Back in January, I addressed some of the real estate market and mortgage predictions about what some “experts” thought was going to happen to rates. I said it then, and I’ll say it again—Nobody really knows what's going to happen. So, if you're thinking about making a move, now might be the time. The truth is, the best time to invest is when you're both financially and emotionally ready. Period.

Focus on your individual goals.

Amidst the flux of economic forecasts and geopolitical developments like war and it being election year—yeah, there’s a lot going on right now—it's crucial to prioritize individual financial goals and values. Whether interest rates rise, fall, or remain stagnant, fundamental needs such as securing a home, building investments to counter inflation, planning for retirement, and preparing for unforeseen challenges persist. Rather than solely focusing on whether the market is going up or down, I recommend concentrating on creating resilient financial strategies that align with your unique goals and circumstances.

So what does that look like for you? Can we offer our hand in assisting you?

At our core, Brizzi Financial is committed to empowering individuals to make informed financial decisions that serve their best interests. Our approach emphasizes transparency, personalized guidance, and unwavering support throughout every stage of the financial journey. We recognize that financial well-being is not about us—it's about you, your aspirations, and your peace of mind.

While interest rate fluctuations may dominate headlines, the essence of sound financial decision-making lies in recognizing that no prediction is foolproof. We believe that when you trust your instincts, leverage trusted guidance, and embark on the path toward financial success—you can reach your goals, one step at a time.

Please reach out to us so we can discuss what can work for your financial plan.