Posted 4/1/2024, 4:15:09 PM
Mortgage Rates Expected to Remain Steady This Spring Before Larger Drops Later in 2023
- Mortgage rates unlikely to fall much this spring; experts expect larger drops later in 2023
- Fed rate decisions heavily influence mortgage rates; cuts not expected until at least June
- Rates could fluctuate up and down this spring but not indicate longer-term direction
- Future mortgage rate changes depend on economic data and Fed’s inflation/growth goals
- Focus on finding right home rather than trying to time mortgage market
