Steady Rates Bring Confidence to Buyers and Sellers Alike
Mortgage rates held steady this week, remaining virtually unchanged from last week. This kind of rate stability can be a good sign for the housing market. It gives buyers more confidence in their monthly mortgage payments and allows sellers to plan with a little more certainty.
Why Did Rates Stay Flat?
Despite some stronger-than-expected economic data, mortgage rates didn’t shift much. Investors appear to be in a “wait and see” mode, keeping an eye on upcoming inflation reports and any signals from the Federal Reserve about future interest rate decisions.
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