Mortgage Rates Hold Steady Amid Speculation of Future Declines

Experts anticipate potential rate cuts by the Federal Reserve and declining inflation could lead to lower mortgage rates later in 2024.

Mortgage rates remain steady with 30-year fixed-rate mortgages holding at 6.875% as of March 4, 2024.
Experts predict mortgage rates may decrease later in 2024, influenced by Federal Reserve rate cuts and declining inflation.
The Federal Reserve's future rate decisions are anticipated to impact mortgage rates, with potential rate cuts expected as early as June.
Comparing lenders and loan offers is crucial for borrowers to secure the best mortgage rates and terms.
Mortgage rates are not directly tied to the federal funds rate, but investor expectations regarding the economy can influence them.