Mortgage Rates Fall to the Lowest Point Since February 2023 Ahead of Fed Rate Decision
Thursday, 12 September 2024, 09:42
The Decline in Mortgage Rates
This week, the average rate on a 30-year, fixed-rate mortgage dropped to 6.2%, marking the lowest point since February 2023.
Implications for Homebuyers
- Falling rates may boost homebuyer demand.
- Investors are eagerly watching the upcoming Fed decision.
Market Outlook
As mortgage rates decrease, we may see more activity in the real estate market, with potential for increased home sales.
What the Fed Rate Decision Means
The Federal Reserve's upcoming interest rate decision could further influence mortgage rates, creating a ripple effect throughout the economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.