Market Insight: Mortgage rates are already coming down as investors await Fed cut

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Published Jul 13, 2024

Markets are now pricing in a more than 80% chance of a rate cut from the Fed in September after CPI fell in June for the first time in four years. Economist Mark Fleming of First American told Reuters mortgage rates are already coming down - but it might be too late in the year to quickly boost the housing market.

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Market Insight: Mortgage rates are already coming down as investors await Fed cut | REUTERS

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