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Will US mortgage rates continue to go down?
Persistent inflation and the “higher-for-longer” interest rate backdrop have made borrowing more expensive. This has significantly impacted U.S. mortgage rates, which hit 8% in October 2023 — the highest level since 2000. Since then, rates have hovered around 7%, recently falling to 6.44% in August on the back of recession fears. With inflation cooling, economic growth slowing and interest rate cuts on the horizon, are mortgage rates expected to go down even more? How far will mortgage rates go down? J.P. Morgan Economic Research predicts the Federal Reserve (Fed) will lower rates by at least 100 basis points ... (full story)
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- Sep 5, 2024 9:00am Sep 5, 2024 9:00am
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- Posted: Sep 5, 2024 5:38am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,124
