Jay Atterstrom
(214) 417-1000
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http://www.PRMIGroup.net
Even though the Federal Reserve cut interest rates three times in 2024, mortgage rates went up unexpectedly. Learn more here: https://www.cnbc.com/2024/12/20/why-mortgage-rates-jumped-despite-fed-interest-rate-cut.html
This shows that mortgage rates don’t always follow the Fed’s moves. Many other factors, like the economy and future projections, also influence them. This recent increase reminds us that the mortgage market can also respond to what’s happening globally. If you’re considering buying, now’s a good time to stay informed and discuss your options with us!