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Expert Insights: Anticipated Mortgage Rates Drops
As a seasoned mortgage professional, I keep a close eye on market trends to ensure my clients are well-informed. Recent insights from Fannie Mae economists paint a positive picture for 2024, with the recession no longer expected and the possibility of mortgage rates dipping below 6%. This development could significantly benefit prospective homebuyers and those…
Read MoreThe relationship between the Federal Reserve’s rate cuts and 30-year fixed mortgage rates
Federal Reserve Rate Cuts: The Federal Reserve, often referred to as the Fed, is the central bank of the United States. One of its primary tools to influence the economy is the manipulation of interest rates. When the Fed believes the economy needs a boost, it may decide to cut its key interest rate, known as…
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