Freddie Mac (1/4/2024):
“Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point. However, since then rates have moved sideways as the market digests incoming economic data. Given the expectation of rate cuts this year from the Federal Reserve, as well as receding inflationary pressures, mortgage rates will likely continue to drift downward as the year unfolds. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.”
Take advantage of your home’s historic appreciation while you can.
How do you combat inflation?
Tap into your home equity.
What can you do with your Home Equity?
Pay off Student Loans
Lower Your Rate And/Or Term
Eliminate Mortgage Insurance
Free Up Money To Invest
Buy Another Home
Call or message me today to discuss options.
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Source: Freddie Mac: https://lnkd.in/eZpg3k86