Although inflation is cooling more slowly than expected, in the longer run it is still expected to cool. Late last year, mortgage rates reached a peak of 7.79%.
The general consensus among industry professionals is that mortgage rates will slowly decline in the last quarter of 2024. The fed delay has upended 2024 forecasts that once called for rates below 6 percent.
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Published nov 01, 2023 at 7:14 pm edt updated.
Federal Reserve Widely Expected To Begin Cutting Its Benchmark Interest Rate In 2024, Mortgage Rates Could Drop As Well—At Least.
But while high mortgage rates have been slowing things down, at least slightly, in recent months, what do experts think could happen this summer with.
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The Fed Delay Has Upended 2024 Forecasts That Once Called For Rates Below 6 Percent.
Published nov 01, 2023 at 7:14 pm edt updated.
Since Late 2022, Mortgage Rates Have Jumped To Between 6% And 7% — And In Fall 2023, They Nearly Eclipsed 8%, Marking The Highest.
But while high mortgage rates have been slowing things down, at least slightly, in recent months, what do experts think could happen this summer with.