Per the experts, there are no new mortgage rate drops in the near future. In fact, they are saying we’ll have to wait until 2025 to see any type of significant mortgage interest rate drop.
The experts do believe that because of high inflation, there will NOT be a rate hike this month when the Federal Reserve meets to discuss interest rates.
While we’re all just watching “mortgage” interest rates, remember when the Federal Reserve raises or drops interest rates, it affects all consumer debt that is not a fixed rate, not just home loan mortgages.
This is why I think it’s imperative that if you are thinking of buying a home, call me, and let’s get you pre-qualified for a home loan and let’s see what type of programs are available to you.
If you are thinking of right-sizing your current home, call me, and let's put together a game plan that makes sense for you and the family.
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Source: MSN
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