Mortgage interest rates have been volatile recently, due to investors trying to guess the Federal Reserve’s next move. The Fed has been steadily increasing its own short-term rate to bring down inflation, which has caused mortgage rates to go up, down and up again. While inflation has decreased, it is still higher than the Fed’s 2% goal. Higher rates have made it more challenging for buyers to afford homes and incentivized many would-be sellers to stay put instead. Real estate experts don’t expect mortgage rates to return to the record lows experienced during the COVID-19 pandemic, and
Original post here: Mortgage Rates Are Now Above 7%. Are They Coming Down Anytime Soon?
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