Mortgage Rate Forecast for October 2024: What Homebuyers Need to Know

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Mortgage rates are expected to fall in October 2024, following the Federal Reserve's recent rate cut. Experts predict that rates could drop to the mid-5% range, or even lower, by the end of the year. However, inflation and government debt could impact these forecasts. Homebuyers must weigh the pros and cons of waiting for lower rates, as a surge in demand could drive up home prices. Should you buy a home now or later? The answer depends on your personal circumstances and long-term goals. Working with a trusted mortgage professional can help you prepare and understand your options, so you can make an informed decision. Don't miss out on today's low mortgage rates!

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Federal Reserve
mortgage rates
homebuying
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Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts
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