1/21/2024 0 Comments Mortgage rates colorado calculator![]() By 2024, NAR anticipates the 30-year fixed rate will be at 6%, which will be welcome relief to potential home buyers.” The expectation is that the Fed will see the ease in inflation and there will be a ripple effect to the mortgage market. “The 30-year fixed interest rate for mortgages has remained stubbornly high. ![]() National Association of Realtors (NAR) deputy chief economist and vice president of research Jessica Lautz.… As a result, mortgage rates may gradually come down, but it’s unlikely that we will see a big drop in mortgage rates until inflation makes significant progress towards the Fed’s target or there’s a decline in economic activity.” “The path for mortgage rates is uncertain and highly dependent on incoming economic and inflation data. First American deputy chief economist Odeta Kushi. ![]() In addition, new job creation and consumer spending will impact mortgage rates-if we see that fewer jobs are created and consumer spending declines, slowing the economy, then mortgage rates will drop.” If the rate of inflation continues to drop, mortgage rates will follow right along. “ Mortgage rates will follow inflation rates in the next few months.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |