Mortgage Rates Reach New Low for 2024 Before Expected Fed Cut

Axios

U.S. mortgage rates are at lows not seen since early 2023, ahead of next week’s expected interest rate cut.

Easing mortgage rates offer house-hunters some relief. But experts say it’s going to take a bigger drop to revive the sluggish home market.

A small but growing number of people are taking out new mortgages.

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