The recent decision by the Federal Reserve not to cut the Fed Funds Rate doesn’t mean mortgage rates won’t fall. Fed Chairman Jerome Powell still plans to make cuts, which historically impacts mortgage rates. Current rates depend on factors like credit score, and while waiting may seem uncertain, it’s advisable to consider expert advice before making a decision.
Tag Archives: fed rate
2 of the Factors That Impact Mortgage Rates
Mortgage rates are influenced by various factors, including inflation and the Federal Reserve’s actions. As inflation moderates, experts predict favorable prospects for mortgage rates in 2024. The 10-Year Treasury Yield also impacts mortgage rates, with a widening spread signaling uncertainty in financial markets. Overall, understanding these factors can provide insight for homebuyers seeking beneficial mortgage rates.
Why Mortgage Rates Could Continue to Decline
When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have Stalled One of the Fed’s primary goals is to lower inflation.Continue reading “Why Mortgage Rates Could Continue to Decline”
Real Estate | Your@HomeTeam 