Mortgage Interest Rates Today, July 3, 2024 | Rates Are a Bit Higher This Week [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
But we could see rates trend back down soon depending on how next week's Consumer Price Index data shakes out. As inflation slows, mortgage rates are expected to fall. But depending on how long this process takes, rates may remain elevated for longer than initially expected. So we might not see substantially lower rates until 2025 or 2026. Investors believe that the Federal Reserve will start cutting the federal funds rate at its meeting in September, according to the CME FedWatch Tool . This should remove some upward pressure off of mortgage rates and allow them to trend down a bit. If you're looking to start the homebuying process soon, you can limit the impact of high average rates by getting quotes from multiple mortgage lenders . This will help ensure you get the best rate possible, saving you money on your mortgage each month. Current Mortgage Rates Mortgage type Average rate today Current Refinance Rates Mortgage type Average rate today Mortgage Calculator
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- Mortgage Interest Rates Today, June 29, 2024 | Cooler Inflation is Good News for Rates [Business Insider]Business Insider
- Mortgage Interest Rates Today, June 28, 2024 | Rates Are the Lowest They've Been Since April [Business Insider]Business Insider
- Mortgage Interest Rates Today, June 27, 2024 | Rates Hold Relatively Steady [Business Insider]Business Insider
- Instabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial Intelligence [Yahoo! Finance]Yahoo! Finance
- Instabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial IntelligenceBusiness Wire
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