Reported about 18 hours ago
Despite expectations of a Federal Reserve rate cut, mortgage rates may not follow suit as they are primarily influenced by other factors, especially 10-year Treasury yields. Mortgage rates recently reached a year-to-date low of 6.58%, but are subject to volatility based on upcoming economic data. Many potential homebuyers are waiting for further rate drops, but experts warn that trying to time the market could result in lost opportunities.
Source: YAHOO