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Old 09-14-2023, 08:16 PM   #1727 (permalink)
vtec to vvel
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https://www.cnn.com/2023/09/14/homes...-14/index.html

"Mortgage rates inch up, lingering above 7%"

If you have the means and ability to buy a home, then by all means proceed. You can always refinance the home when rates drop, all the while you are building wealth/equity.

That being said, for those that are wondering when rates will drop, a very strong indicator of where mortgage rates are headed is inflation, as these 2 have a very strong correlation with each other.

Contrary to popular belief, the Federal Reserve does NOT set/determine mortgage rates.
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