Mortgage Rates Rise as Economy Fuels Higher Rates in 2024 on Nostr: US Mortgage Rates Show Signs of Decline, but Remain Above 7% =============== ...
US Mortgage Rates Show Signs of Decline, but Remain Above 7%
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#fd4fc180 ver:0.76
US mortgage rates show signs of decline, but remain above 7%. The average rate on a 30-year mortgage fell to 7.09% from 7.22% last week, the first decrease in four weeks. However, rates are still high, posing challenges for homebuyers. The Federal Reserve is closely monitoring the labor market, and a weakening could prompt rate cuts. Despite higher rates, it may still be a good time to buy a home as rates are historically lower. The cooling labor market could encourage the Fed to lower rates, unleashing pent-up demand. #mortgagerates #housingmarket #FederalReserve...
#newstr #MortgageRates #HousingMarket #UsEconomy
https://here.news/story/fd4fc180?ver=0.76
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#fd4fc180 ver:0.76
US mortgage rates show signs of decline, but remain above 7%. The average rate on a 30-year mortgage fell to 7.09% from 7.22% last week, the first decrease in four weeks. However, rates are still high, posing challenges for homebuyers. The Federal Reserve is closely monitoring the labor market, and a weakening could prompt rate cuts. Despite higher rates, it may still be a good time to buy a home as rates are historically lower. The cooling labor market could encourage the Fed to lower rates, unleashing pent-up demand. #mortgagerates #housingmarket #FederalReserve...
#newstr #MortgageRates #HousingMarket #UsEconomy
https://here.news/story/fd4fc180?ver=0.76