Local Mortgage Update – June 2024

Published On: June 28, 2024122 words0.6 min read

As I mentioned mortgage rates remain in the low 7% range as the Federal Reserve has yet to reduce the Federal Funds rate, July is their next opportunity but seems unlikely due to the election. Speaking of which, I was shocked to hear Senator Elizabeth Warren “demand that the Federal Reserve reduce interest rates,” given the legal separation between the Branches of government and the FOMC. Perhaps Ms. Warren should go back and review her notes from high school civics. To be honest… I was only a little shocked.

For tailored advice and the latest insights specific to your needs, don’t hesitate to contact Summit Mortgage. Summit can help you navigate your mortgage options and find the best fit for your financial future.

Summit Mortgage

For expert advice and tailored mortgage solutions that fit your unique needs, contact Summit Mortgage today!

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