Anticipating a Drop: How Falling Mortgage Rates in Late 2024 Could Benefit You
Historical Context Looking at the past decade, from 2014 to 2019, the average spread between the 30-year fixed mortgage rate and the 10-year Treasury was about 2.0% (200 basis points). During the unusual period of 2020-2022, this spread decreased to approximately 1.5% (150 basis points) as the Fed bought mortgage-backed securities to keep rates low […]
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