Mortgage Rates Forecast: Potential Decline in 2024
TL;DR Summary
Mortgage rates are currently high, making it challenging for potential homebuyers. However, there is a possibility of some relief in 2024. Three ways mortgage rates could fall include potential rate cuts by the Federal Reserve, a decrease in inflation, and a cooling down of the job market. While rates are unlikely to reach the levels of 2020 and 2021, these factors could lead to a slight dip in mortgage rates next year.
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