Heading into the New Year, Mortgage Rates Remain on a Downward Trend

December 28, 2023

The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down. Heading into the new year, the economy remains on firm ground with solid growth, a tight labor market, decelerating inflation, and a nascent rebound in the housing market. See more details @ Freddie Mac

Mortgage rates may continue to decline into next year in time for the spring market. Read last week’s post here Why Mortgage Rates Could Continue To Decline

 

See video on ABC News

Dr. Jessica Lautz, Deputy Chief Economist of Research for National Association of Realtors

See the full post here

 

 

If you are looking to make a purchase in 2024, I would make sure that your credit score is as competitive as it can be.   Here is some information about your credit score