Learn English: Mortgage Rates Go Down, But Why? (normal)

1 year, 2 months ago

Mortgage Rates Go Down, But Why?

The average interest rate for a 30-year mortgage has gone down slightly this week, reaching 6.6%.

This decrease is probably because lenders think the Federal Reserve might lower interest rates soon.

The Fed has kept rates the same for a while, but they've hinted that they might start lowering them soon.

While this could mean even lower mortgage rates in the future, it's important to remember that the Fed hasn't made any official decisions yet.

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Source

Original: NerdWallet Blog

Tags

#mortgage rates #federal reserve #interest rates #home buying #finance

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