"2024 Interest Rate Outlook: Navigating the Dip in Mortgage Rates Amid Financial Predictions"
TL;DR
A significant factor that previously drove mortgage rates higher is now contributing to their decline. Despite a period of elevated rates, the spread between average 30-year fixed mortgage rates and benchmark Treasury yields has been narrowing for eight consecutive weeks, reaching its lowest point since March. This change comes alongside an increase in existing home sales for the first time in half a year and a consistent rise in home prices for five months.
- The Hidden Force Pushing Mortgage Rates Down The Wall Street Journal
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- Bankrate's Interest Rate Forecast for 2024: Mortgages, credit cards and more will stay pricey, even if the Fed cut rates Yahoo Finance
- Today’s mortgage interest rates – January 4, 2024 CNN Underscored
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Read on The Wall Street Journal