Why Mortgage Rates Are Staying High (For Now)

Mortgage rates are fluctuating, and here's why. The Federal Reserve recently held off on lowering the Federal Funds Rate due to rising inflation and a robust economy. While this doesn't directly dictate mortgage rates, they remain volatile. Experts still expect rates to drop later this year, but economic factors will play a crucial role. Timing the market isn't easy, so team up with a trusted real estate professional!