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Today's Mortgage Rates | Rates Should Fall This Year, Fannie Mae Says

The article from MSN Money discusses the current state of mortgage rates and predictions for their future trajectory. According to Fannie Mae, despite a slight increase in mortgage rates recently, they are expected to decline over the course of the year. This forecast comes in light of economic indicators suggesting that inflation might be cooling, potentially leading the Federal Reserve to adjust its monetary policy. The article notes that the average 30-year fixed mortgage rate has been hovering around 6.5% to 7%, but with anticipated economic adjustments, rates could fall to around 6% by the end of 2023. This prediction is based on the expectation of a slowing economy and lower inflation rates, which could make home buying more affordable and stimulate the housing market. However, the article also cautions that these are projections and actual rates could vary based on numerous economic factors.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/realestate/today-s-mortgage-rates-rates-should-fall-this-year-fannie-mae-says/ar-AA1BTgGC ]