December Sees Mortgage Rates Dip, Experts Weigh In on Housing Market
TL;DR
Mortgage rates have decreased to around 6.20% as of December 9, 2024, down from 6.56% last month, influenced by strong labor market data and expectations of a Federal Reserve rate cut. As inflation eases, rates are expected to continue declining into 2025. However, future rate trends will depend on economic conditions, including inflation and potential Fed actions. Adjustable-rate mortgages and FHA loans also show slight rate changes, with refinancing rates remaining slightly higher than purchase rates.
Topics:businessfinance#economic-trends#federal-reserve#finance#housing-market#inflation#mortgage-rates
- Today's Mortgage Rates | Rates Are Back Down Business Insider
- Here's what could happen with mortgage rates this December, according to experts CBS News
- Is now a good time to buy a house? HousingWire
- Mortgage and refinance rates today, December 8, 2024: Weekly rate falls by 21 basis points Yahoo Finance
- 2024 U.S. mortgage rates drop again, says Freddie Mac Dayton Business Journal
Want the full story? Read the original reporting
Read on Business Insider