Mortgage interest rates are expected to drop by the end of the year—here’s how much you could save on monthly payments
Publishing timestamp: 2024-07-19 09:00:01
Summary
Inflation decelerating, interest rate cuts expected later this year, potentially good news for homebuyers as mortgage rates are expected to drop. Different forecasts predict varying rates by end of 2024 and 2025. Declining APRs could result in possible savings for homebuyers, but affordability will depend on various factors. It is uncertain whether Federal Reserve will start slashing rates in September. It is advised to use a mortgage calculator to determine affordability.
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Keywords: personal finance, economic events, wells fargo & co,
Source: https://www.cnbc.com/2024/07/19/mortgage-interest-rates-expected-to-drop-by-end-of-year.html