Mortgage Rates at 14-Month Low: Should You Lock In Now?

Mortgage rates are at their lowest in over a year, with the thirty-year average now at six point three nine percent. Despite expectations of a Fed rate cut, mortgage rates are influenced by broader factors like inflation and the bond market. Experts advise homebuyers to lock in rates now, as they could potentially fall further but are also unpredictable. Refinancing options remain available if rates drop in the future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.