Mortgage rates are dropping: How much does a 1% rate change actually matter? (Hint: More than you think)
Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: Interest rates are dropping to their lowest levels in years. Since October 2023, mortgage rates have declined by 1.44 percentage points — and they should fall even further after the Federal Reserve makes the first of several anticipated rate cuts this week.
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