With Mortgage Rates Near 7% Again, a Fed Rate Cut Won’t Make a Difference for Homebuyers… Yet

CNet, Nov. 6, 2024–Katherine Watt
Mortgage rates have had a bad month. Actually, a bad three years.

This week, extreme rate volatility due to election uncertainty made things worse. Although the presidential election outcome has now been resolved, mortgage rates took a major hit, and relief won’t come overnight. Prospective homebuyers are eager for a silver lining in the housing market.               

Click here for more