To understand where mortgage rates may be going, it’s helpful to look at where they’ve been in the past. There’s a clear connection between inflation and mortgage rates, and if that historical relationship holds true, the recent decline in inflation may mean good news for the future of mortgage rates and your homeownership goals.
Source: https://www.simplifyingthemarket.com/en/2023/09/06/mortgage-rates-past-present-and-possible-future/
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