Mortgage Interest Rates Today, July 2, 2024 | Will Rates Drop This Month? It Depends on Inflation [Business Insider]
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Federal Home Loan Mortgage Corporation (FMCC)
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Source: Business Insider
Most forecasters expect rates to ease as inflation slows and the Federal Reserve starts lowering the federal funds rate. But how quickly they'll fall and by how much depends on how the economy trends in the coming months and years. If inflation is slow to come down, we may not see substantially lower mortgage rates until 2025 or 2026. Investors currently believe that the Fed will cut rates once or twice this year, according to the CME FedWatch Tool . This will likely allow mortgage rates to inch down. But it depends on how inflation trends. Next week, the Bureau of Labor Statistics will release June's Consumer Price Index data. This will give us an updated look at how inflation has been trending, and could cause mortgage rates to fluctuate depending on what the data shows. Mortgage Rates Today Mortgage type Average rate today Mortgage Refinance Rates Today Mortgage type Average rate today Mortgage Calculator Use our free mortgage calculator to see how today's inte
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FMCC
Sec Filings
- 7/2/24 - Form ABS-15G
- 7/2/24 - Form ABS-15G
- 7/1/24 - Form 8-K
- FMCC's page on the SEC website