Bad news for prospective homebuyers: The Fed’s rate cuts are unlikely to bring down stubbornly high mortgage rates anytime soon

Quick Summary:

The 3% mortgage rates that existed for nearly a decade before the pandemic aren't going to return in the foreseeable future.

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Article Details

Author / Journalist: Dave Smith

Category: EconomyBusiness

Markets: United States

Topics: Federal Reserve Fed interest rate Mortgage rates Mortgages Fed Fed interest rates The Fed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 15:10:34 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 22 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 24538309

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 44 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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