Posted 3/10/2024, 5:31:44 PM
Mortgage Rates Seen Dropping in 2024 But Remaining Steady in Near Term
- Mortgage rates expected to fall in 2024, but not likely in March as economy remains strong
- Rates rose in February due to positive economic data showing robust growth
- Rates won't fall until clear signs for multiple months that economy is slowing
- Fed remains committed to lowering inflation and won't cut rates soon
- Forecasts predict rates falling to 6% by end of 2024, but could go up if Fed keeps rates unchanged
