Are you feeling a bit unsure about what's really happening with mortgage rates? That might be because you've heard someone say they're coming down. But then you read somewhere else that they're up again. And that may leave you scratching your head and wond...
Majbrith Brody
Posts from February 12th, 2024
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Navigating Mortgage Rates in 2024
After reaching their peak for the year of 7.9% in October of 2023, the tide is finally turning for mortgage rates in 2024. According to an emailed statement reported by Forbes, Danielle Hale, chief economist at Realtor.com, had this to say. "Mortgage rates will continue to ease in 2024 as inflation improves and Fed rate cuts get closer. Mortgage rates could near 6.5% by the end of the year, a key factor in starting to provide affordability relief to homebuyers."
Over the past few years, rates hit their highest peaks in decades. A forecast of lower rates is a welcome relief to those looking to buy, sell and refinance — but what exactly does it mean for each one? Below, we'll briefly summarize the opportunities lower rates could ope...
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