Mortgage Rates Fall Slightly

This is a news story, published by Yahoo Finance, that relates primarily to Federal Reserve news.

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mortgage rates

Yahoo Finance

•

Business

Business & Economics

Mortgage and refinance rates today, February 18, 2024: 30-year rate down 15 basis points this year

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85% Informative

Mortgage interest rates have decreased a bit since the beginning of the year .

With rates slightly lower than early January and a slower housing market, you could benefit from a better rate and less competition.

You may want to start shopping for houses now, before the spring home-buying rush starts.

Refinance rates are usually higher than purchase rates.

In 2024 , mortgage rates trended downward from early August to the Sept. 18 Federal Reserve meeting, when the central bank announced a 50 -basis-point slash to the federal funds rate.

The trajectory of future mortgage rates will largely depend on the Federal Reserve’s decision on whether to cut the rate at its 2025 meetings.

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