What Is Going on with Mortgage Rates?
When it comes to home mortgage rates, things like the task market, the speed of inflation, customer spending, geopolitical uncertainty, and more all have an effect. It does not figure out home mortgage rates, however home loan rates do respond when this happens. Based on present market data, experts believe inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year.
When it comes to mortgage rates, things like the job market, the rate of inflation, customer spending, geopolitical unpredictability, and more all have an impact. The Fed decided to start raising the Federal Funds Rate to attempt to slow down the economy (and inflation) in early 2022. That rate effects how much it costs banks to borrow cash from each other. It doesn’t identify mortgage rates, but home loan rates do respond when this takes place. Based on current market data, professionals think inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year.