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Wednesday, January 31, 2024

2024 Mortgage Rate and Real Estate Predictions

2024 Mortgage Rate and Real Estate Predictions

Mortgage interest rates are a crucial factor in the St. Louis and St. Charles County, Missouri real estate markets, as they directly impact both homebuyers and homeowners. While rates at the end of 2023 rates held steady, the current trend suggests rates in 2024 could be on a downward trajectory- good news for those looking to buy a home or refinance their existing mortgage.

What Mortgage and Real Estate Experts are Saying About 2024 Mortgage Rates

According to Forbes, experts are predicting that mortgage interest rates will continue to decrease over the next few years. This positive prediction is supported by Fannie Mae, which recently released a report forecasting that mortgage rates will drop below 6% by the end of 2024. Meanwhile Danielle Hale, chief economist at, said “Our modeling suggests a gradual, steady decline” when discussing 2024 mortgage rates,


These predictions are based on several factors, including slower economic growth, lower inflation, and a more stable global economy. These factors are likely to contribute to a decline in interest rates, which will benefit both homebuyers and homeowners.



The Impact of Lower Interest Rates

The impact of lower interest rates on the real estate market could be significant. Lower rates make it more affordable for buyers to purchase a home, which could lead to an increase in demand for housing. This could, in turn, push up home prices a bit in certain areas. Homeowners who are looking to sell their homes could benefit from this trend, as they may be able to sell their homes for a higher price than they would have in a higher interest rate environment.


Lower interest rates also make it more affordable for homeowners to refinance their mortgages. This could be especially beneficial for those who are struggling to keep up with their monthly mortgage payments. By refinancing at a lower interest rate, homeowners could potentially lower their monthly payments, reduce the total amount of interest they pay over the life of their loan, and even shorten the term of their mortgage.


Mortgage Rates Predictions 2024

Other Factors That Could Affect the 2024 Real Estate Market

It’s important to keep in mind that interest rates are just one factor in the real estate market, and other factors such as job growth, inventory levels, and consumer confidence also play a role. While the prediction of lower interest rates is positive news, it is important to remain cautious about the future of the real estate market. Experts predict that slower economic growth, lower inflation, and a more stable global economy will contribute to a decline in interest rates. However, unforeseen events such as natural disasters, political instability, or global economic shifts could still impact the market.


In conclusion, the trend of decreasing mortgage interest rates is positive news for both homebuyers and homeowners. It could boost the housing market, make it more affordable for people to buy and refinance homes, and even lead to an increase in home values. However, it is important to keep in mind that interest rates are just one factor in the real estate market, and other factors can also impact the housing market. Homebuyers and homeowners should carefully consider their individual circumstances before making any decisions.

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Have questions or need advice about St. Louis or St. Charles County real estate? The Boehmer Team are highly qualified, experienced, and available for you. Contact us to assist you with buying, selling, building, or investing in real estate.





Friday, January 19, 2024

Full-Service Realtors – At Your Service for Life

Full-Service REALTORS

While some real estate agents may come and go, others are determined and committed to being full-service REALTORS for life. In the St. Charles County, Missouri area The Boehmer Team is leading by example in what they offer as a full-service real estate team. There are many ways in which our team goes above and beyond simply helping you buy or sell a home. Here are just a few of the ways in which full-service REALTORs can provide added value to your real estate experience and to your life:


Availability and Consistency

Often times, primarily with discount brokerages and agents or very large teams, clients feel passed on once the listing agreement is signed. The team leaders often move on securing new business and let existing clients be maintained by a variety of team members. There are often questions about scheduled showings, no-shows, inspection concerns, financing issues that unexpectedly arise, survey concerns, troubleshooting homes that are not selling and more. Your primary agent should be available to assist you and be available for you. Your REALTOR should discuss with you up front as to who and how your concerns will be addressed and they should be an active part of the solutions.


Negotiation Experience

A quality REALTOR is extremely valuable in the process of negotiating.  Not only your contract terms but your inspection process and a variety of other things that may come up along the way. Negotiating is a skill that comes with experience and training. Is your REALTOR an experienced negotiator?  Have they earned the RENE Real Estate Negotiation Expert designation?  Both Linda and Kelly hold this designation. Feel free to ask any agent you consider for their history of negotiating expertise. 

Referrals to Contractors

Referrals to Contractors

Whether you're looking to do some minor repairs or a major renovation, a good contractor can be hard to find. As a full-service REALTOR, we have relationships with a variety of contractors in our area and can help connect you with someone who can get the job done right.


Referrals to Insurance Agents

Homeowners insurance is an important part of protecting your investment, but finding the right policy can be overwhelming. We can help connect you with a reputable insurance agent who can provide guidance on the best coverage options for your needs.


Storage, recycling and disposal information

Storage, Recycling and Disposal Information

In homes there is often lots of “stuff” from furniture to bedding, clothes and shoes, dishes and cookware, toys and electronics, old flags, and of course clutter and trash. There are different ways to store, donate, recycle or dispose of all this stuff. The Boehmer Team offers information on local establishments where items can be stored, recycled, donated or disposed of. 


Documents Related to Tax Time

When it comes time to file your taxes, having the right documents in hand can save you time and headache. As your full-service REALTOR, we can provide you with all of the necessary paperwork related to your home sale or purchase, making tax time a breeze.

Evaluations on Home Improvements

Evaluations on Home Improvements

If you're considering making improvements to your home, it's important to know how much value those improvements are likely to add. We can provide you with an evaluation of how much equity a particular improvement (such as a kitchen remodel or bathroom renovation) is likely to add to your home's value, helping you make informed decisions about where to invest your money.


Annual Home Equity Review

Just as you might meet with a financial planner to review your investment portfolio; we can also offer an Annual Home Equity Review. This is an opportunity to sit down and review your current home value, as well as any changes or improvements you've made over the past year. We can also discuss your long-term real estate goals and provide guidance on how to achieve them.


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By working with a full-service REALTOR, you're not just getting help with buying or selling a home - you're gaining access to a wealth of knowledge and expertise that can help you make informed decisions about your real estate investments. And with our network of trusted contractors, insurance agents, and other professionals, you can rest assured that you're in good hands with The Boehmer Team every step of the way. Contact us if we can provide full-service REALTOR benefits to you.