After a recent decrease in interest rates by the Federal Reserve, mortgage rates in the industry hit a record low point for 2024. However, the optimism surrounding this news has quickly dissipated as new developments have unfolded.
Key points:
– Federal Reserve lowered interest rates last month
– Mortgage rates reached a 2024 low point
– Optimism surrounding the low rates has since dwindled
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-back-near-6-5-will-they-stay-there/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
