General World News

Will lower mortgage rates be enough to prop up housing activity?

The Federal Reserve’s decision to slow the pace of interest rate hikes this week pushed mortgage rates lower — and it happened in spite of the central bank reiterating that it would continue to tighten its grip on the economy next year. These lower rates are encouraging news for the industry, which saw rates climb past 7% in October, but whether that will be enough to prop up home sales is a question that has not yet been answered. 

The average 30-year-fixed mortgage rate averaged 6.31% as of December 15, down two basis details ⇒

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