Mortgage Rates May Fall Before Fed's Much-Anticipated September Rate Cut: Here's Why
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Mortgage rates may decrease ahead of the Federal Reserve's anticipated rate cut on September 17, as lenders often adjust rates based on market expectations. Current futures pricing indicates a high probability of a rate reduction, prompting banks to lower mortgage offers. Fixed mortgage rates typically follow the 10-year Treasury yield rather than the Fed's short-term rate. Recent trends show a decline in mortgage rates, encouraging more buyers and refinancing activity. Consumers are advised to consider purchasing now and refinancing later if rates drop further.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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