Understanding the Relationship Between Mortgage Rates and the Federal Reserve =============== #4f691011 ver:1.0 Rising mortgage rates above 7% in the US have led to a decline in home purchase applications. The Federal Reserve plays a key role in determining mortgage rates, with the possibility of a rate cut indicated. However, rates are not expected to go below 6% unless there is a significant economic slowdown. The increase in rates has made it challenging for first-time homebuyers, but a slight drop may not significantly help the housing market. The Freddie Mac Primary Mortgage Survey predicts rates to decrease modestly in H2, benefiting interested homebuyers. #MortgageRates #FederalReserve #HousingMarket... #newstr #MortgageRates #FederalReserve #InterestRates #MonetaryPolicy #EconomicConditions #Inflation #InvestorDemand #MortgagebackedSecurities https://here.news/story/4f691011?ver=1.0