Mortgage Rates Dip as Federal Reserve Rate Cut Anticipated

Investors expect the Federal Reserve to reduce rates by mid-year, potentially easing mortgage rates during the peak homebuying season.

Mortgage rates for 15- and 30-year terms have decreased, with the 30-year fixed-rate mortgage now at 6.490% and the 15-year fixed-rate at 5.625%.
Investors anticipate the Federal Reserve may start reducing rates by May or June, potentially easing mortgage rates during the homebuying season.
Mortgage rates are influenced by various factors including the Federal Reserve's policies, inflation, and economic conditions.
Comparing lenders and loan offers is crucial for borrowers to secure the best mortgage rates and terms.
Mortgage rates are expected to trend downwards in the coming months as inflation decreases and the Federal Reserve potentially cuts the federal funds rate.