Reported 12 months ago
Mortgage rates in the U.S. have risen slightly, with the 30-year conforming rate at 7.11% and the 15-year conforming rate at 6.99%. Despite the steady economy, weak home sales persist. Analysts believe the Fed is unlikely to lower benchmark rates next month. Job openings have increased, and the spring homebuying season is expected to slow down in 2024. The upcoming presidential election is adding uncertainty to mortgage pricing, impacting market dynamics.
Source: YAHOO