Bad news for prospective homebuyers: The Fed's rate cuts are unlikely to bring down stubbornly high mortgage rates anytime soon
- Posted on December 18, 2024
- By Fortune
- 2 Views
Bad news for prospective homebuyers: The Fed's rate cuts are unlikely to bring down stubbornly high mortgage rates anytime soon
The 3% mortgage rates that existed for nearly a decade before the pandemic aren't going to return in the foreseeable future.
