Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Mortgage Rates • February 23, 2024

How Changing Mortgage Rates Impact You

by Drew Jones

 

a house with many different colored numbers

Some Highlights

  • If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.
  • That’s because even a small change in mortgage rates can have a big impact on your purchasing power.
  • The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.
Related Articles
Mortgage Rates When Will Mortgage Rates Come Down? One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down? After several years of rising rates and a lot of bouncing around in 2024, we’re all eager for some relief. While no one can project where rates will go with complete accuracy or the exact timing, experts offer […]
Mortgage Rates This Week’s Fed Meeting: What to Expect The Fed meets again this week to decide the next step with the Federal Funds Rate. So, let’s dig into how their decisions will impact the housing market.  First, the Federal Funds Rate is how much it costs banks to borrow from each other. Although that’s not the same as setting mortgage rates, mortgage rates […]
Mortgage Rates How the Federal Reserve’s Next Move Could Impact the Housing Market Now that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the job market is slowing down. Mark Zandi, Chief Economist at Moody’s Analytics, said: “They’re ready to cut, just as long as we […]
Windermere NW - Windermere
Terms of Use  &  Privacy Policy
Accessibility Statement | Fair Housing Notice
© 2024 Windermere Real Estate