Mortgage Rates: Why They Spiked, Why They Fell And What's Next For Buyers

By Forbes | Oct 25, 2024 at 11:21 AM EST

Mortgage rates have dropped more than 1% from their peak in October 2023 due to factors such as Federal Reserve interest rate hikes and market conditions. Despite predictions of further drops in 2024, experts advise home buyers to focus on finding their ideal home rather than timing the market.

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