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Mortgage Rates Hit Six-Month Low Amid Fed Rate Cut Speculation
Mortgage Rates Hit Six-Month Low Amid Fed Rate Cut Speculation
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BTCCSquare news:
Thirty-year mortgage rates have dropped to their lowest level since March, with real-time data indicating further declines. The Federal Reserve's anticipated rate cuts, bolstered by a weak August jobs report, are shaping market expectations.
Mortgage rates often diverge from Fed policy due to their dependence on bond yields and broader economic forces. For prospective buyers and refinancers, financial readiness outweighs timing the market—refinancing remains an option if rates fall further.
The national average dipped to 6.59% on Thursday, nearing March's 6.58% benchmark. By Friday midday, rates slid to 6.50%, matching 2025's low. Market observers note homebuyers are delaying decisions, though some agents argue for immediate action.
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