image description

Mortgage Rates Should Begin to Edge Downward

January 5th, 2024 by WCBC Radio

While 2023 saw record lows in home sales across the country, experts say that could change with interest rates beginning to drop. The federal reserve is expected to cut interest rates up to three times this year, a point Jessica Lautz with the National Association of Realtors says is a good signal for would-be homeowners…

Locally, current 30-year fixed interest rates are consistent across credit unions and banks – between 6.3 and 6.5%.  Chessie Credit Union Mortgage Supervisor Patty Kunis says right now is a good time to make a home purchase…