July 21, 2023

Mortgage Rates Are Now Above 7%. Are They Coming Down Anytime Soon?

Mortgage interest rates have been volatile recently, due to investors trying to guess the Federal Reserve’s next move. The Fed has been steadily increasing its own short-term rate to bring down inflation, which has caused mortgage rates to go up, down and up again. While inflation has decreased, it is still higher than the Fed’s 2% goal. Higher rates have made it more challenging for buyers to...

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