Curious about the factors influencing mortgage rates and their potential impact on your homebuying plans? New Trust Real Estate is here to shed light on recent developments involving the Federal Reserve and inflation that could shape the trajectory of mortgage rates.
Federal Funds Rate Hikes:
📈 The Fed aims to lower inflation, influencing the Federal Funds Rate.
🛑 Recent inflation cooling has led to smaller and less frequent Fed rate hikes.
🗓️ No rate increases since July, with signals of possible rate cuts in 2024.
Impact on Mortgage Rates:
📉 Fed decisions play a significant role in shaping mortgage rates.
📊 Fed's pause in rate increases suggests a potential downward trend in mortgage rates.
🔍 Expert forecasts indicate the likelihood of further mortgage rate declines in 2024.
What This Means for You:
🏡 Improved affordability for homebuyers.
🔄 Easier for sellers to move with the prospect of lower mortgage rates.
Connect with New Trust Real Estate:
For expert advice on changes in the housing market and how they may affect your plans, let's connect! Visit our website at www.NewTrustRe.com to stay informed and make strategic decisions in the evolving real estate landscape.
