"Expert Predictions: Timing the Fed's Mortgage and Interest Rate Cuts"

Experts predict that the Federal Reserve may cut interest rates in response to slowing inflation and a weakening US economy, which could potentially lead to a decline in mortgage rates. However, projections on when the first rate cut will occur vary, with some experts suggesting it could happen as early as the end of this year, while others anticipate it in the second half of 2024. The high mortgage rates have frozen the US housing market, discouraging prospective homebuyers and contributing to a shortage of housing inventory.