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Mortgage Rates Show Promise Amid Cooling Inflation, Offering Hope for Home Buyers

Name: Mortgage Rates Show Promise Amid Cooling Inflation, Offering Hope for Home Buyers
Uploaded: 2024-08-15T16:00:00-07:00
Channel: NBC Palm Springs
Description: A new report on mortgage rates is providing encouraging news for prospective home buyers, following yesterday's positive update on inflation. With inflation growth falling below 3% for the first time since March 2021, analysts anticipate that the Federal Reserve may reduce interest rates in its next meeting.

By: NBC Palm Springs

August 15, 2024

mortgage ratesinflationFederal Reserveinterest rateshome buyinghousing pricesCPI reportaffordabilityeconomic outlook

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