Mortgage rates have further decreased in the recent week as the market eagerly awaits a potential Federal Reserve rate cut that is anticipated to take effect in the near future. This decline in mortgage rates comes as the U.S. economy demonstrates signs of weakening, prompting both investors and homebuyers to closely monitor the developments in the financial landscape.
Key points:
– Mortgage rates have continued to recede in the past week
– The market is anticipating a Federal Reserve rate cut in the coming months
– The U.S. economy is showing signs of weakness
– Investors and homebuyers are closely monitoring these developments to make informed decisions.
You can read this full article at: https://www.housingwire.com/articles/signs-point-to-extended-decline-in-mortgage-rates/(subscription required)
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