Posted 1/18/2024, 12:50:21 PM
Mortgage Rates Slightly Down but Expected to Stay High into 2024
- Mortgage rates down this week compared to last week, though decreases not happening as quickly as some would like
- Rates expected to steady around 6% by end of 2024, but path there will be bumpy
- Fed focused on 2% inflation goal, so unlikely to cut rates until that's achieved
- This week's rates 30-year fixed at 7.01%, 15-year fixed at 6.44%, 5/1 ARM at 6.37%
- Refinance rates also down 30-year fixed refi at 7.22%