Table of Contents Key TakeawaysFed may give fewer rate hints.Mortgage rates could become more volatile.Past Fed guidance sometimes backfired.Homebuyers should focus on finances, not timing rates.Wondering the future of mortgage rates? And so is the Federal Reserve! One of the highest-ranking Fed officials has just argued in favor of remaining silent regarding future...
This week saw a slight fall in the mortgage rates, thus providing some breathing room to American citizens who are dealing with a very costly housing market. According to the article, the rate for the 30-year fixed mortgage fell to 6.47% for the week ending June 18, compared to 6.52% in the previous week. Although the difference is insignificant, it counts in a very sensitive market.It seems like the...
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