The article discusses how current economic conditions have led to falling mortgage rates, with Melissa Cohn from William Raveis Mortgage anticipating a volatile mortgage rate environment. Although lower rates could stimulate the real estate market, risks such as rising inflation from higher goods prices have been highlighted. Despite the current decrease in rates, experts warn that the reductions may not be as significant, complicating buyer decisions during these uncertain times.
"Mortgage rates are going down at the moment," Cohn notes.
"What's bad for the economy is good for mortgage rates," Cohn told Bankrate this week. "I wake up in the morning knowing it's going to be a good day for business and a bad day for my brokerage account."
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