Mortgage
Are Mortgage Rates Expected to Decrease in 2024? What Homebuyers Can Anticipate
– Mortgage rates are at a 20-year high due to inflation and Fed hikes.
– Rates are expected to fall to 6.1% to 6.4% in 2024, but waiting may not be the best strategy.
– Homebuyers should consider buying now and refinancing later to avoid increased competition next year.
– The Federal Reserve may lower rates in 2024 to ease the pressure on mortgage rates.
– Forecasts suggest rates will decrease in 2024, but not back to the historic lows seen in 2020 and 2021.
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