Mortgage rates reach new low for 2024 before anticipated Fed cut
Data: Freddie Mac; Chart: Axios Visuals U.S. mortgage rates are at lows not seen since early 2023, ahead of next week’s expected interest rate cut. Why it matters: Easing mortgage rates offer house-hunters some relief. But experts say it’s going to take a bigger drop to revive the sluggish home market. The latest: A small but growing number of people are taking out new mortgages….
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