Will mortgage rates go down in September? Here's what you need to know
Briefly

from english.elpais.com5 months ago
The U.S. housing market is currently facing challenges due to historically high mortgage rates, affecting buyer activity and prolonging a downturn for three years.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-09-05/will-mortgage-rates-go-down-in-september-heres-what-you-need-to-know.html
The average interest rate for a 30-year mortgage in the U.S. stands at 6.368%, a stark contrast to the sub-3% levels from 2020 and 2021.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-09-05/will-mortgage-rates-go-down-in-september-heres-what-you-need-to-know.html
Factors influencing mortgage rates include the Federal Reserve's policy decisions and inflation levels; a potential rate cut in September could lead to a decline in rates.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-09-05/will-mortgage-rates-go-down-in-september-heres-what-you-need-to-know.html
There is cautious optimism that, due to economic indicators and the Federal Reserve's upcoming meetings in September, mortgage rates might decrease.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-09-05/will-mortgage-rates-go-down-in-september-heres-what-you-need-to-know.html
Read at english.elpais.com
#mortgage-rates #federal-reserve #housing-market #interest-rates #economic-conditions
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