September is here! Will Mortgage Rates Ever Decrease?  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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As we say goodbye to the sun-soaked days of summer, September brings a wonderful opportunity for a fresh start. Our kids are back in school, we're returning from those well-deserved summer getaways, and our neighborhoods are ready to burst with autumn charm. From the vibrant fall foliage to the excitement of local football games and festive gatherings, there’s so much to look forward to!

This season of change also invites us to think about new beginnings and goals. If you've been considering a move—whether to find more space, enjoy a new community, or simply for a change of scenery—now is a great time to explore your options. I’m here to help you navigate the journey to find the perfect home that fits your lifestyle and dreams.
Real Estate in the News
HGTV Home by Sherwin Williams: The 2025 Color Collection of the Year
If you want to know what’s trending for the rest of this year and into 2025, look no further than the HGTV Home by Sherwin-Williams 2025 Color Collection of the Year.

Whether you’re trying to create the perfect WFH office, style a guest bedroom that rivals a luxury hotel suite, or update your home’s exterior to create a great first impression, color makes a significant difference.
Mortgage Rates Mostly Flat, Market Waits on Jobs Data
Current mortgage rates are fluctuating, with the 30-year fixed rate at 6.43% and the 15-year fixed rate at 5.78%. As inflation eases and the labor market weakens, the Federal Reserve is expected to make its first interest rate cut in September. This could help mortgage rates decline, but overall housing affordability remains a challenge.

Mortgage rates change daily due to economic factors like inflation, bond markets, and the Fed's policy decisions. While experts predict a gradual decline in rates, a return to the 2-3% rates of recent years is unlikely.
Kevin Quick Tip
Currently there are buyers are waiting to see if mortgage rates drop. As a result, there was a slight lull in the overall number of sold properties for August. Demand remains high and as soon as rates decrease activity will increase. We recommend that buyers start looking now, there will again be multiple offer scenarios.
Local Happenings
September 8
Adams Morgan Day
Celebrate the season with apple picking, a corn maze, fresh apple cider and more! Enjoy live music on the weekends, and activities for the whole family.

September 10-13
Nationals Blowout Weekend: 1924 World Series championship celebration (100-year anniversary)
Did you know the Washington Senators won the World Series 100 years ago? Celebrate the 1924 Championship with the Nats during their weekend series against the Marlins, featuring fireworks and fan giveaways!

Lifestyle Tips and Tricks
What Buyers Can Learn From Home Stagers To Make Small Spaces Look Bigger
Home stagers are experts at bringing out the best of every space. Learn from our key strategies...
15 Secrets to Selling Your Home Fast
Great photos, fresh curb appeal, and the right asking price are just some of the ways you can close the deal quickly...
New Homes are Getting Smaller...
That could be big news for first time home buyers...
Our Featured Listings
Eckington
16 Quincy Place Northeast
4 BD 4 BA 2144 SF $1,199,000
Columbia Heights
1468 Newton Street Northwest, Unit 1
3 BD 3 BA 1307 SF $699,000
Neighborhood Listings
Edgemoor
5425 Moorland Lane
6 BD 10 BA 8668 SF $6,450,000
Donaldson Run
4605 26th Street North
6 BD 7 BA 7664 SF $3,900,000
Bethesda
7207 Selkirk Drive
6 BD 8 BA 6396 SF $3,375,000
McLean
933 Bellview Road
6 BD 8 BA 9680 SF $3,100,000
Thanks for reading and subscribing! Ready to achieve your next real estate goal?
Kevin Friend

Senior Vice President
M: 202.320.2205
O: 301.298.1001
kevin.friend@compass.com
Office: 301-298-1001
Compass Real Estate is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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