US Economic Growth Moderates in Q1 2024, Housing Market Slows Down
===============	
#fd4fc180 ver:0.78

US economic growth moderates in Q1 2024 as housing market slows down. Mortgage rates decline slightly, but remain high, posing challenges for homebuyers. The Federal Reserve is monitoring the labor market and may consider lowering rates. Mortgage demand drops as rates rise. Despite this, it may still be a good time to buy a home. The Federal Reserve is projected to lower interest rates, which could impact the housing market. Projections are subject to change based on economic conditions. Mortgage rates decline, leading to an increase in loan applications. However, rates are still too high to significantly boost the housing market. US economic growth moderates in Q1 2024, with a slowdown in consumer spending and the labor market. Mortgage rates rise above 7%, causing a slowdown in the housing market. The US economy is expected to settle into a lower rate of growth, with one Federal Reserve rate cut projected....

#newstr #MortgageRates #HousingMarket #UsEconomy #InterestRates #FederalReserve #LaborMarket #HomeSales 

 https://here.news/story/fd4fc180?ver=0.78