Mortgage Rates Remain in High 6% Range Despite Fed Rate Cuts: A Deep Dive into the Current Market
In a surprising turn of events, mortgage rates on December 23, 2024, have hovered in the high 6% range despite recent Federal Reserve rate cuts. This article explores the factors influencing these rates, including persistent inflation and economic conditions. With expert opinions painting a mixed forecast for 2025, we explore what this means for homebuyers, refinancers, and the housing market at large.
Dec 23