[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2hdw3sstv9hls":3,"$fbwk2pqjjqsc7":34},{"item":4,"previous":22,"next":28},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":20,"updatedAt":21},47417,"whats-the-latest-with-mortgage-rates","What’s the Latest with Mortgage Rates?","\u003Cp>Recent headlines may leave you wondering what’s next for mortgage rates.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240325\u002F20240326-What-s-the-Latest-with-Mortgage-Rates.png","\u003Cp>\u003Cspan style=\"color: black;\">Recent headlines may leave you wondering what’s next for \u003C\u002Fspan>\u003Ca href=\"\u002F2024\u002F02\u002F23\u002Fhow-changing-mortgage-rates-impact-you-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rates\u003C\u002Fa>. \u003Cspan style=\"color: black;\">Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the \u003C\u002Fspan>\u003Cem style=\"color: black;\">Federal Reserve\u003C\u002Fem>\u003Cspan style=\"color: black;\"> (the \u003C\u002Fspan>\u003Cem style=\"color: black;\">Fed\u003C\u002Fem>\u003Cspan style=\"color: black;\">) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the \u003C\u002Fspan>\u003Cem style=\"color: black;\">Fed \u003C\u002Fem>\u003Cspan style=\"color: black;\">met last week, a cut didn’t happen — at least, not yet. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>There are a lot of factors the \u003Cem style=\"color: black;\">Fed\u003C\u002Fem>\u003Cspan style=\"color: black;\"> considered in their recent decision and most of them are complex. But you don’t need to be bogged down by those \u003C\u002Fspan>\u003Ca href=\"\u002F2024\u002F01\u002F30\u002F2-of-the-factors-that-impact-mortgage-rates\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">finer details\u003C\u002Fa>\u003Cspan style=\"color: black;\">. What you really want is the answer to this question: \u003C\u002Fspan>\u003Cem style=\"color: black;\">does that mean \u003C\u002Fem>\u003Ca href=\"\u002F2024\u002F03\u002F12\u002Fwhat-mortgage-rate-do-you-need-to-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>mortgage rates\u003C\u002Fem>\u003C\u002Fa>\u003Cem style=\"color: black;\"> aren’t going to fall? \u003C\u002Fem>\u003Cspan style=\"color: black;\">Here’s what you need to know.\u003C\u002Fspan>\u003Cstrong style=\"color: black;\"> \u003C\u002Fstrong>\u003C\u002Fp>\u003Ch4>\u003Cstrong>Mortgage Rates Are Still Expected To Drop This Year\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cspan style=\"color: black;\">While it hasn’t happened yet, that doesn’t mean it won’t. Even Jerome Powell, the Chairman of the \u003C\u002Fspan>\u003Cem style=\"color: black;\">Fed\u003C\u002Fem>\u003Cspan style=\"color: black;\">, \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fmediacenter\u002Ffiles\u002FFOMCpresconf20240320.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>\u003Cspan style=\"color: black;\"> they still plan to make cuts this year, assuming inflation cools:\u003C\u002Fspan>\u003C\u002Fp>\u003Cblockquote>\u003Cem style=\"color: black;\">“We believe that our policy rate is likely at its peak for this tightening cycle and that, \u003C\u002Fem>\u003Cstrong style=\"color: black;\">\u003Cem>if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem style=\"color: black;\">.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>\u003Cspan style=\"color: black;\">When this happens, history shows mortgage rates will likely follow. That means hope isn’t lost. As a recent article from \u003C\u002Fspan>\u003Cem style=\"color: black;\">Business Insider\u003C\u002Fem>\u003Cspan style=\"color: black;\"> \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.businessinsider.com\u002Fbest-mortgage-refinance-rates-today-thursday-21-2024-3\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>\u003Cspan style=\"color: black;\">:\u003C\u002Fspan>\u003C\u002Fp>\u003Cblockquote>\u003Cem style=\"color: black;\">“As inflation comes down and the Fed is able to start lowering rates, \u003C\u002Fem>\u003Cstrong style=\"color: black;\">\u003Cem>mortgage rates should go down, too. . .\u003C\u002Fem>”\u003C\u002Fstrong>\u003C\u002Fblockquote>\u003Ch4>What This Means for You\u003C\u002Fh4>\u003Cp>\u003Cspan style=\"color: black;\">But you don’t necessarily want to wait for it to happen. Mortgage rates are notoriously hard to forecast. There are so many factors at play and any one of those can change the projections as the economy shifts. And it’s why the experts offer this advice. \u003C\u002Fspan>As \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Freconomy-podcast\u002Fwhats-the-outlook-for-the-2024-spring-home-buying-season\" rel=\"noopener noreferrer\" target=\"_blank\">Mark Fleming\u003C\u002Fa>, Chief Economist at \u003Cem>First American, \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Freconomy-podcast\u002Fwhats-the-outlook-for-the-2024-spring-home-buying-season\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Well, mortgage rate projections are just that, projections, not promises and don't forget how hard it is to forecast them. . . \u003C\u002Fem>\u003Cstrong>\u003Cem>So my advice is to never try to time the market . . . If one is financially prepared and buying a home aligns with your lifestyle goals, then it could be the right time to purchase.\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> And there's always the refinance option if mortgage rates are lower in the future.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>\u003Cspan style=\"color: black;\">Basically, if you’re looking to move and trying to time the market, don’t. If you’re ready, willing, and able to move, it may still be worth it to do it now, especially if you can find the home you’ve been searching for.\u003C\u002Fspan>\u003C\u002Fp>","\u003Cp>If you’re looking to \u003Ca href=\"\u002F2024\u002F03\u002F18\u002F4-tips-to-make-your-strongest-offer-on-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy a home\u003C\u002Fa>, let’s \u003Ca href=\"\u002F2024\u002F02\u002F28\u002Fwhy-you-want-an-agents-advice-for-your-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">connect\u003C\u002Fa> so you have someone keeping you up-to-date on mortgage rates and helping you make the \u003Ca href=\"\u002F2024\u002F03\u002F11\u002Ffinding-your-perfect-home-in-a-fixer-upper\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">best decision\u003C\u002Fa> possible.\u003C\u002Fp>",false,[16],{"id":17,"name":18,"slug":19},35,"Mortgage Rates","mortgage-rates","2024-03-26T10:30:00Z","2024-03-26T10:30:08Z",{"id":23,"slug":24,"title":25,"featuredImage":26,"publishedAt":27,"contentType":10,"isVideo":14},47166,"what-every-homebuyer-should-know-about-closing-costs","What Every Homebuyer Should Know About Closing Costs","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240321\u002F20240325-What-Every-Homebuyer-Should-Know-About-Closing-Costs.png","2024-03-25T10:30:00Z",{"id":29,"slug":30,"title":31,"featuredImage":32,"publishedAt":33,"contentType":10,"isVideo":14},47435,"single-women-are-embracing-homeownership","Single Women Are Embracing Homeownership","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240325\u002F20240327-Single-Women-Are-Embracing-Homeownership.png","2024-03-27T10:30:00Z",[35,39,43,47,51,55,59,63,67,68,72,76,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148],{"id":36,"name":37,"slug":38},1,"Uncategorized","uncategorized",{"id":40,"name":41,"slug":42},5,"For Buyers","buyers",{"id":44,"name":45,"slug":46},6,"For Sellers","sellers",{"id":48,"name":49,"slug":50},7,"Foreclosures","foreclosures",{"id":52,"name":53,"slug":54},8,"Infographics","infographics",{"id":56,"name":57,"slug":58},9,"Home Prices","home-prices",{"id":60,"name":61,"slug":62},11,"First-Time Buyers","first-time-buyers",{"id":64,"name":65,"slug":66},34,"Senior Market","senior-market",{"id":17,"name":18,"slug":19},{"id":69,"name":70,"slug":71},38,"Move-Up","move-up",{"id":73,"name":74,"slug":75},41,"For Sale by Owner","for-sale-by-owner",{"id":77,"name":78,"slug":79},42,"Featured","featured",{"id":81,"name":82,"slug":83},45,"New Construction","new-construction",{"id":85,"name":86,"slug":87},52,"Luxury \u002F Vacation","luxury--vacation",{"id":89,"name":90,"slug":91},53,"Rent vs. Buy","rent-vs-buy",{"id":93,"name":94,"slug":95},80,"Time-sensitive","time-sensitive",{"id":97,"name":98,"slug":99},81,"Outdated","outdated",{"id":101,"name":102,"slug":103},147,"Internal","internal",{"id":105,"name":106,"slug":107},148,"Do Not Autopost","do-not-autopost",{"id":109,"name":110,"slug":111},320,"Inventory","inventory",{"id":113,"name":114,"slug":115},321,"Agent Value","agent-value",{"id":117,"name":118,"slug":119},322,"Affordability","affordability",{"id":121,"name":122,"slug":123},323,"Buying Tips","buying-tips",{"id":125,"name":126,"slug":127},324,"Downsize","downsize",{"id":129,"name":130,"slug":131},325,"Economy","economy",{"id":133,"name":134,"slug":135},326,"Equity","equity",{"id":137,"name":138,"slug":139},327,"Forecasts","forecasts",{"id":141,"name":142,"slug":143},328,"Selling Tips","selling-tips",{"id":145,"name":146,"slug":147},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":149,"name":150,"slug":151},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]