Are Interest Rates Expected to Drop Soon? What Westside Buyers Should Know

Interest rates have been the elephant in every open house, cocktail party, and group chat for the past two years. And the question is always the same: Should I wait?

Here’s the expert read: Rates are projected to gradually soften over the next 6–18 months, depending on inflation data and Fed adjustments. But waiting for a magical 3% rate to return is not realistic.

On the Westside specifically, buyers who wait risk missing the bigger picture: when rates drop, demand surges—especially in luxury coastal markets where inventory is already tight. That means more competition and higher prices.

Today, many buyers choose the smarter route:
Marry the house, date the rate.
Secure the home you want now, then refinance later if rates improve.

The real play is securing a quality property in a world-class location with long-term appreciation. Interest rates are temporary — Westside real estate is not.