After the Fed, it just kind of cool the jets a bit.
Even though rates are still rising,
we see other rates naturally as they would follow suit
the average rate on the 30 year fixed mortgage,
now below 6% for the first time since September
mortgage News daily, putting that rate at 5.99% today.
But for some context here, buyers purchasing a $400,000 home today,
making a 20% down payment will pay nearly $300 less
than they would have in october
well,
rates dropping off following the Fed's announcement and Fed chair
Jerome Powell's acknowledgment that inflation is easing a bit,
although it does remain elevated in the US as well.