Mortgage Rate 2024 Reddit. The average for the month 6.75%. The fed announced its fourth straight rate hold yesterday and signaled that 2024 rate cuts are not likely for a few months.
A year ago, the rate averaged 6.69%. While that’s a welcome drop from 8.01% on oct.
Prime Is Currently At 7.2%.
That suggests the fed will cut rates by 0.75.
What Is A Good Mortgage Rate In 2024?
They are predicting a rate increase of up to 2.5% points by the end of 2024.
Washington — United States Federal Reserve Officials Said Wednesday That Inflation Has Fallen Further.
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The Rate Fell To 6.95% From 6.99% Last Week, Mortgage Buyer Freddie Mac Said Thursday.
The rate fell to 6.95% from 6.99% last week, mortgage buyer freddie mac said thursday.
Fannie Mae’s Chief Economist Doug Duncan Noted.
June 12, 2024, 11:04 am pdt / updated june 12, 2024, 11:36 am pdt.
Following The Last Financial Crisis Most People Are Stress Tested To A Much Higher Rate Than What You See As The Headline Product Rate.