August Mortgage Rate Update

Key Points:

– Mortgage rates are dropping.
– The Federal Reserve (Fed) has not made any rate cuts yet.
– Experts predict that the Fed may cut rates in the future.

Hot Take:

It seems like the Fed is late to the party while mortgage rates are already hitting the dance floor. Will they catch up, or will homebuyers enjoy the low rates without them? It’s a rate race against time!
Original article: https://www.biggerpockets.com/blog/on-the-market-246