"Declining Mortgage Rates Fuel Housing Market Rebound"
TL;DR Summary
Mortgage rates have dropped significantly this month, with the expectation that they will continue to decrease in 2024 as the Federal Reserve plans to lower the federal funds rate. However, this is contingent on inflation continuing to slow down. Any setbacks in the fight against inflation could cause mortgage rates to rise again. Homebuyers and homeowners looking to refinance should keep an eye on inflation trends as it will impact mortgage rates.
- Mortgage Interest Rates Today, December 18, 2023 | Rates Should Keep Dropping in 2024 as Inflation Slows Business Insider
- Mortgage rates below 7% could spark housing rebound: Redfin Yahoo Finance
- Falling Mortgage Rates Breathe New Life Into Housing Market as Listings, Pending Sales and Price Growth Hit Highest Level in Roughly a Year Redfin News
- U.S. mortgage rates now dip below 7% rate - Dayton Business Journal The Business Journals
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