Reported 22 days ago
Despite the expected interest rate cuts by the Federal Reserve, mortgage rates are unlikely to drop significantly due to a steady decline already experienced in the market. Experts suggest that prospective homebuyers may find that lower rates have already been factored in, and future improvements depend on economic indicators rather than immediate Fed actions. This reflects a common misunderstanding among consumers regarding the relationship between short-term and long-term interest rates.
Source: YAHOO