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Mortgage Rates Hit 1-Year Low Amid Fed Rate Cut Speculation
Mortgage Rates Hit 1-Year Low Amid Fed Rate Cut Speculation
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BTCCSquare news:
Thirty-year mortgage rates have plunged to 6.40%, marking the lowest level since October 2024. This downturn presents a rare window for homebuyers to secure favorable terms before potential market shifts.
Contrary to popular belief, anticipated Federal Reserve rate cuts don't guarantee parallel moves in mortgage markets. Historical patterns show mortgage rates often diverge from Fed policy decisions, creating asymmetric opportunities.
The recent volatility underscores a fundamental truth in debt markets—timing the bottom is less critical than capitalizing on relative value. With rates down nearly 30 basis points from September's peak, locking in now provides downside protection while preserving refinancing options.
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