Federal reserve officials left interest rates unchanged at their july meeting, as economists had expected, and hinted that recent progress in lowering inflation could. The federal reserve wednesday announced its fifth rate hold in a row, after hikes in 2022 and 2023.
If mortgage rates go down this autumn, as expected, the combination of lower home prices and interest rates could make homes a bit more affordable. Itโs unlikely weโll see rates below 6%.
Are Mortgage Rates Going Down In 2024 Images References :