Local Mortgage Update – March 2024

Published On: March 7, 2024119 words0.6 min read

As I mentioned mortgage rates remain in the 7% range as the Fed’s have yet to make the first reduction to the Federal Funds rate, June is their next opportunity. Recession fears seem to have been replaced by inflation fears leading me to believe the economy is about right. So long as wage inflation holds steady we should see mortgage rates drop to the high 5%’s in the fall. High 5% to low 6% mortgage rates are available with special programs and buy-downs, call me with questions.

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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