Mortgage rates have been on a steady decline recently, with last week seeing an acceleration in this downward trend. This was largely attributed to a combination of factors, including a cooler-than-expected jobs report and signals from the Federal Reserve indicating a potential rate cut. As a result, there was a significant decrease in loan pricing across the industry.
Key points:
– Mortgage rates have been falling consistently in recent months
– Last week saw a sharper drop in rates due to a cooler-than-expected jobs report
– Signals from the Federal Reserve about a potential rate cut further contributed to the decline
– Loan pricing experienced a significant decrease as a result of these factors.
You can read this full article at: https://www.housingwire.com/articles/opportunity-unlocked-mortgage-rates-drop-to-2024-low-point/(subscription required)
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