It’s the end of 2024 and I bring to you the last mortgage rate update for this year.
This week’s episode includes an example of my Cost of Waiting report which factors in projected appreciation rates and forecasted mortgage rates. This report uses data to illustrate if it’s worth waiting for lower rates to buy a home. I hope you’ll check it out and let me know if you would like a report based on your criteria.
Of course, I’ll be back next Monday with the first update for 2025!
Happy and Healthy New Year!
Twas the season of spending with American’s splurging over $1100 on gifts this holiday season. Credit card interest rates average around 24% with 
Today wraps up the 2-day FOMC meeting which ends with a highly anticipated announcement from the Fed on decisions the Fed Funds rate. It’s important to note that this decision does not directly change mortgage rates. For example, if you hear that the Fed has cut rates by a quarter point or 25 basis points, this does not mean that rates for the 30-year fixed are now a quarter point lower. The action the Fed takes and their commentary or information they release during this meeting does influence the direction of mortgage rates. 
18 years ago, 
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